The Indian market is currently undergoing a corrective phase, impacted by the rise in the dollar index following Donald Trump’s victory in the 2024 US Presidential elections, along with continuous outflows from foreign investors and the Middle East crisis.
inflation
Trump’s return: There are many small reasons but three big ones
The US elections are over and the outcome is an uncontestable victory for Donald Trump and the Republican Party. Trump got 50.4% of the national vote, a margin of more than 2 percentage points over Kamala Harris. This signals a decisive victory by recent US election standards. He won all seven swing states and got about the same number of votes in 2024 as in 2020 (Harris got 10 million fewer than Joe Biden had that year).
ECB set for second straight rate cut as euro zone economy stagnates
The European Central Bank (ECB) is likely to lower interest rates for the third time this year on Thursday, arguing inflation in the euro zone is now increasingly under control and the economy is stagnating.
Gold prices fell to a one-week low in line with US Inflation data
Safe-haven gold prices may get some support from the slight decline in the US dollar (USD) along with the risk of further escalation of geopolitical tensions in the Middle East. Traders may also avoid placing aggressive bets ahead of the release of the FOMC meeting minutes on Wednesday. In addition, the US Consumer Price Index (CPI) and the US Producer Price Index (PPI) to be released on Thursday and Friday should provide fresh momentum to Yellow Metal.
Gold Weekly Forecast: Gold Investors Await US Labor Market Data
Financial markets in the US will remain closed in observance of the Labor Day holiday on Monday. On Tuesday, the ISM Manufacturing Purchasing Managers Index (PMI) for August will be featured in the US economic docket. Investors expect the headline PMI to edgehigher to 47.8 from 46.8 in July. A reading above 50, which would suggest that the business activity in the manufacturing sector recovered back into the expansion territory, could provide a boost to the USD with the immediate reaction and weigh on Gold.
Spot Gold Nears All-Time High
Spot Gold climbed above $2,510 an ounce on Thursday, hitting a record high, as prospects of interest rate cuts by the Federal Reserve continued to support the yellow metal while investors awaited fresh cues on the extent of the cuts.
Sovereign gold bonds: How a well-intentioned Scheme is Emptying the Government Coffers
The sovereign gold bond was conceptualised as an instrument which could kill two birds with one stone. It would partially satisfy Indian investors’ demand for gold, which has to be imported, and help fund the central government’s borrowing needs at a low interest rate.
Fed Meeting Results: FOMC ने दरें स्थिर रखीं, पॉवेल ने कहा कि सितंबर में कटौती संभव है
🟢 Fed Meeting Results: यूएस फेडरल रिजर्व ने 31 जुलाई को दो दिवसीय फेडरल ओपन मार्केट कमेटी (FOMC) की बैठक के बाद ब्याज दर के अपने फैसले की घोषणा की, जिससे बेंचमार्क ब्याज दरें लगातार आठवीं बैठक के लिए 5.25 प्रतिशत – 5.50 प्रतिशत पर अपरिवर्तित रहीं, जो वॉल स्ट्रीट के अनुमानों के अनुरूप है।
मध्य पूर्व में गहराते तनाव के कारण सोने की कीमत में और तेजी आई।
बढ़ते मध्य पूर्व संकट के बीच सोने की कीमत (Gold Price) में वृद्धि जारी है क्योंकि अमेरिकी राष्ट्रपति जो बिडेन ने सीरियाई सीमा के पास उत्तरपूर्वी जॉर्डन के पास अमेरिकी सेवा कर्मियों पर मानव रहित हवाई ड्रोन हमलों के लिए जवाबी कार्रवाई करने का वादा किया है। फिर भी, कीमती धातु में गिरावट आ सकती है क्योंकि निवेशक फेडरल रिजर्व (Fed) द्वारा ब्याज दर के फैसले का इंतजार कर रहे हैं, जिसकी घोषणा बुधवार को की जाएगी।
RBI बैठक में ब्याज दर, UPI पेमेंट लिमिट पर बड़ा फैसला
रिजर्व बैंक ऑफ इंडिया (RBI) की चली 6-8 दिसंबर की बैठक में कई फैसलों समेत जरूरी बातें सामने आई हैं. रिजर्व बैंक ने ब्याज दरों (repo rate) में कोई बदलाव नहीं किया है. जीडीपी को लेकर अनुमान बताया और महंगाई को लेकर भी जरूरी बातें बताईं. साथ ही UPI पेमेंट की लिमिट बढ़ाई, आइए समझते हैं सबकुछ.