Powell And Gold – The Fed could announce tapering as soon as November. It all depends on whether the substantial further progress test for employment will be met or not. For Powell it is now “all but met”, even though it could happen as soon as the next meeting. After all, many of the FOMC members believe that this test has already been met:
RailTel Terminates Zee Subsidiary Contract
- RailTel Corporation of India Ltd. terminates contract awarded to Margo Networks, a subsidiary of Zee Entertainment Enterprises Ltd.
- The contract pertained to providing Content on Demand service in all mail/express and suburban trains and Wi-Fi enabled railway stations.
- Zee Entertainment said its subsidiary has initiated appropriate legal proceedings against the notice of termination.
Gold Is Back in Vogue With Bulls Loving Faster Inflation Again
For much of this year, rising inflation has been bad news for gold. Now it’s giving the metal a shot in the arm.
MCX Silver Intraday Resistance key Level 67735 – Neal Bhai
MCX Silver yesterday settled up by 2.03% at 65878 after fresh data showed inflationary pressures in the US continue to increase, which could mean the Fed will have to raise interest rates faster than expected.
Spot Gold Price Could Rise $1,880 if Hold June 16 Highs Give Way
Spot Gold Price: Will US inflation trigger a sustained move above $1,834 in spot gold? This was a rhetorical question to which the response was aptly provided after the US Consumer Price Index (CPI) jumped to the highest levels in 31 years in October, arriving at 6.2% YoY.