Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
Gold prices rose to an all-time high for the 50th time this year, asinvestors weighed escalating geopolitical tensions and the prospects for more US rate cuts. Silver also advanced to a record. Gold is on track for its best annual performance since 1979. (AFP) Bullion pushed beyond $4,480 an ounce for the first time, after […]
The Bank of Japan raised its benchmark interest rate to the highest in 30 years and said more increases are in the pipeline if conditions allow, in a sign of growing conviction that it can attain the stable inflation target it has pursued for more than a decade. Bank of Japan Governor Kazuo Ueda. (Reuters) […]
India’s stock markets are trading mixed after the US Federal Reserve delivered a third straight interest-rate cut, as investors tracked cues on progress of a India-US trade deal that’s been a WIP for months. The Bombay Stock Exchange building on Dalal Street in Mumbai. (Bloomberg) On Thursday, the 30-share BSE Sensex opened 0.17% higher only […]
A divided US Federal Reserve has cut the interest rate by 25 basis points to a range between 3.50% and 3.75%, but the path for ahead for future rate cut is uncertain. US Federal Reserve Chair Jerome Powell. (Reuters) A split within the central bank deepened with two officials voting to keep rates unchanged, while […]
India’s stock market suffered a late sell-off today, with the benchmark indices tumbling sharply, wiping out over ₹7 lakh crore of investor wealth in the process. The Bombay Stock Exchange building on Dalal Street in Mumbai. (Bloomberg) The 30-share S&P BSE Sensex fell more than 800 points, dragging the Nifty 50 below the psychological 26,000 […]
Bitcoin is in free fall—and traders are positioning for more pain. The Fed and AI bubble talk are two major headwinds for crypto and risk assets heading into the end of the year. (Reuters) The world’s largest cryptocurrency plunged below $91,500 Monday, deepening a selloff that’s erased all of its gains for the year. In […]
Gold prices held a three-day drop, hurt by fading expectations for another rate cut by the US Federal Reserve next month. Gold has still gained more than 50% this year despite the recent pullback, and remains on course for the best annual gain since 1979. (Bloomberg) Gold traded near $4,034 an ounce, after losing almost […]
Gold staged a partial recovery following a run of losses as traders weighed conflicting views from the US Federal Reserve on chances of more rate cuts. Higher interest-rates tend to pose a headwind for non-yielding gold. (AFP) Gold prices rose as much as 0.9% to trade near $3,967 an ounce after falling almost 5% over […]
Jerome Powell signalled more US Fed rate cuts are in the offing as a slowdown in jobs creation poses a growing risk to the US economy, AFP reported on Tuesday, citing written remarks by the chair of the US Federal Reserve. Chair Jerome Powell has reiterated that the US Federal Reserve is slightly more worried […]
