(GoldSilverReports) – Comex Gold prices rose on Tuesday on the back of a weaker dollar, but were stuck in a tight range as investors refrained from taking big bets ahead a possible aggressive U.S. interest rate hike.
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100 bps July 2022 Fed Rate Hike on the Table
Fed Rate Hike: Despite the looming recession risks, markets are wagering a 100 bps rate hike in July, as Fed will likely fight the inflation monster head-on. The Bank of Canada’s (BOC) unexpected 100 bps lift-off also favors hawkish Fed tightening expectations. The Fed sentiment is leading the way so far this Thursday, weighing negatively on the Gold (XAUUSD) pair.
How Aluminum became a commodity to rival gold in 2022
“Aluminum is used in the aircraft industry. Nickel in stainless steel and batteries for electric cars. Platinum in electronics (medicine, chemical industry). Palladium in electronics and the production of catalytic converters for cars. There are big risks with exports from the Russian Federation. Russia’s share in global aluminum production is 6%, nickel (high grade) – 22%, platinum – 15%, palladium – 45%,” Manturov noted, exploring investment opportunities surrounding a range of metals.
Akshaya Tritiya 2026: Why Do People Buy Gold or Silver on This Day?
Akshaya Tritiya 2026: Akshaya Tritiya will be celebrated all over India on 19 April, 2026 this year. The day is considered to be one of the most auspicious occasions in the Hindu calendar. Many people start new business ventures or projects on this day.
Stock Recommendations: Reiterates ‘buy’ and target price to Rs 4,240
TCS Well Placed To Leverage Sector Growth, But Margins May Remain Under Pressure.