Mumbai, May 18 (IANS) Gold and silver showed volatility on Monday amid rising geopolitical tensions in West Asia, which typically support safe-haven demand, and a sharp rise in US Treasury yields.On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading at Rs 1,58,697 per 10 grams around 11 am, up Rs 150 or 0.09 per cent.The yellow metal touched an intraday high of Rs 1,58,884, rising Rs 337 or 0.21 per cent, while the day’s low stood at Rs 1,57,547, down Rs 1,000 or 0.63 per c…
Latest US Federal Reserve News & Updates
New Delhi, May 15 (IANS) The US Federal Reserve is expected to hold rates unchanged as inflationary spillovers from the US‑Iran conflict keep upside risks intact, a report said on Friday.The report from Elara Capital said it has withdrawn its call for three Fed rate cuts totalling 75 basis points in CY26 andIt assigned a 20 per cent probability to a 25-basis point hike in December 2026 if the Strait of Hormuz remains closed until September, energy prices spike further and core personal consump…
New Delhi, May 15 (IANS) Gold and silver prices traded sharply lower on Friday, with both precious metals declining in domestic trade by up to 4 per cent amid strength in the dollar index.On the Multi Commodity Exchange (MCX), gold futures for June 5 fell as much as 1.52 per cent or Rs 2,478 to touch an intraday low of Rs 1,59,500 as of 10:45 am.Meanwhile, silver futures for July 3 came under heavier pressure, plunging 4.12 per cent or Rs 12,000 to Rs 2,79,102.At the last count, the yellow metal…
New Delhi, May 12 (IANS) Indian IT stocks took a deep plunge on Tuesday, dragging the Nifty IT index down 3.73 per cent to its lowest level since May 2023 after OpenAI said it would launch a new company with $4 billion initial investment to help organisations build and deploy artificial intelligence.A weak earnings outlook for the sector from analysts also impacted the sentiments with Nifty IT index extending losses for a second session.It became the top sectoral loser on the National Stock Exch…
New Delhi, May 6 (IANS) India has earned an endorsement from one of the world’s top credit rating agencies, with Moody’s Ratings placing the nation among the most resilient large emerging market economies over the past five years, which is a recognition that comes at a time when global financial markets remain on edge over trade tensions and geopolitical uncertainty.In a recently released report, Moody’s said India ‘better placed’ than most of its emerging market peers to absorb future global sh…
New Delhi, May 4 (IANS) India has outperformed China in attracting strong global capital flows even as global equity markets rebounded in April after a decline in March, according to a report.According to an analysis of Quant Mutual Fund, the recovery in global markets was driven by easing geopolitical tensions and improved investor sentiment. The report noted that India’s nominal GDP growth continues to outpace China’s, positioning it as a preferred destination for global investors.It added t…
Mumbai, April 30 (IANS) Domestic currency weakened past the 95-per-dollar mark to hit a record low on Thursday, pressured by a sharp rise in global crude oil prices amid escalating tensions between the US and Iran.The currency touched an all-time low of 95.07 in early trade, and slipped to an intraday low of 95.126 against the US dollar, before weakening further to around 95.20 during the session.The decline also follows hawkish signals from US Federal Reserve policymakers, which have supported …
Washington, Aprril 30 (IANS) Surging oil prices driven by the Middle East conflict are clouding the US Federal Reserve’s economic outlook, with policymakers warning of rising inflation and uneven global impact, particularly on energy-dependent regions such as Asia. Federal Reserve Chair Jerome Powell said higher energy costs are already feeding into inflation, complicating the central bank’s policy path. “Inflation has moved up and is elevated, in part reflecting the recent increase in glo…
Washington, April 30 (IANS) US Federal Reserve Chair Jerome Powell has warned that the central bank’s independence is “at risk” amid what he called unprecedented legal challenges, raising concerns about its ability to set policy free from political pressure. “These legal actions by the administration are unprecedented in our 113-year history,” Powell said on Wednesday (local time). He added that such moves are “battering the institution” and could undermine its role in guiding the …
Washington, April 30 (IANS) The US Federal Reserve has kept interest rates unchanged as rising global energy prices linked to the Middle East conflict pushed inflation higher, while policymakers flagged growing uncertainty around the economic outlook. Federal Reserve Chair Jerome Powell on Wednesday (local time) said the central bank remains focused on its dual mandate of maximum employment and stable prices, even as inflation has “moved up and is elevated.”“The US economy has been expandi…