The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) raised policy rates by 40 basis points (bps) on Wednesday — for the first times in two years — as a sharp rise in inflation to a 18-month high due to soaring food and fuel prices ended the central bank’s gradual normalisation. The RBI also […]
Economic growth in Asia and the Pacific is poised to slow more than previously estimated this year amid headwinds from the war in Ukraine, a resurgent pandemic, and tightening global financial conditions, the International Monetary Fund (IMF) said. “Regional gross domestic product will expand by 4.9 percent, 0.5 percentage points less than we forecast in […]
Global gold prices rose 8% in the first three months of 2022, the best quarterly performance since Q2 2020, after rising a further 2% in March, as rapidly rising inflation and unexpected geopolitical risks more than offset the drag from higher nominal rates, the World Gold Council (WGC) said in its latest monthly report, adding […]
All eyes are on RBI’s Monetary Policy Committee meeting which is likely to keep all the key rates unchanged, primarily on threats of Omnicron strain of Covid-19. They will wait and watch for further data to make any move on rate action. It is likely they will continue to balance between economic growth and inflation […]
CARSTEN MENKE, Head of Next Generation Research, Julius Baer Even though the central bankers’ famous symposium in Jackson Hole lifted gold and silver prices on Friday last week, there should be no major fundamental impact on the markets. The key question remains whether the economy continues to recover or whether it slips back into recession. […]
The yields on the 10-year benchmark 6.10%-2031 bond fell 1 basis point to 6.2214% early this week on improved sentiments, after Brent crude oil prices fell below $70 a barrel in the international market. “The fall in yields on the new 10-year benchmark bond is mainly due to easing Brent crude oil prices after China […]
The mid-year Gold outlook for 2021 released by the World Gold Council warns of the threats lurking on account of new variants of Covid, which may limit the uptake in gold jewellery in key markets. “Interest rates will likely remain key drivers of financial assets. Gold is no exception. Yet, the negative impact of higher […]
Chief strategist for U.S. fractional gold retailer Valaurum and former U.S. Mint Director Ed Moy spoke to Biman Mukherji of indoasiancommodities.com about how policies of the incoming U.S. President Joe Biden administration and prevailing economic uncertainty is likely to fuel gold’s rally over the medium to long term. Moy believes that the favourable conditions for gold will remain intact […]
The Reserve Bank of India on Friday decided to keep the repo rate unchanged at 4% while pledging to keep its accommodative monetary stance unchanged for as long as necessary to cope with covid’s impact. The reverse repo rate was also kept at the the current leve of 3.35%. It noted that tbe global economy […]
The current pullback in the precious metals sector is a buying opportunity. Since trading at a closing high of $2,064 an ounce on August 6, gold bullion has declined 8.34% as of this writing, says John Hathaway of asset management company Sprott Inc. Gold mining shares have followed suit, declining 9.26% since the August high.It […]
