Gold Price Forecast: Expectations that China may overcome the recession woes and Fed’s Powell may repeat his cautious statements at the Jackson Hole also seemed to have tested the DXY bulls. “Various Chinese state media agencies are coming to the rescue of the local currency, the yuan, after the recent depreciation, justifying that the country’s strong exports should offset a stronger dollar and hawkish Fed rate hikes,” mentioned Reuters on Wednesday. Concerns about China become important for gold traders due to the dragon nation’s status as one of the world’s largest gold consumers.
inflation
Gold At Three-Week Low As Fed Officials Reiterate Hawkishness
Gold traded at the lowest level in more than three weeks as Federal Reserve officials reiterated their commitment to tighter monetary settings to curb inflation.
India needs robust agri futures to insulate against volatile food prices against backdrop of uncertainty
This year the various regions in Europe have been experiencing an abnormal rise in temperature and many cities’ temperatures crossing over 40 degrees!!! The world is having hotter, drier summers and warmer, wetter winters. We’re also having extreme weather like heavy rainfall and heat waves more often. Most scientists agree that this is caused by human actions that emit greenhouse gases like carbon dioxide.
Nifty Target Price 16,900 Levels By Year-End
Nifty Target Price: Nifty can head to 16,900 levels by the end of 2022 even as inflation and growth prospects remain a concern.
RBI Annual Report 2019-20: Economy To Grow, Inflation To Ease By Q4FY21
Currency notes of ₹2,000 denomination were not printed in 2019-20 and the circulation of these notes have declined over the years, according to RBI annual report.
Swiss Hedge Fund to Offer Clients Gold Shield Against Inflation
A Swiss hedge fund plans to offer investments denominated in gold and silver to protect clients against the risk that record coronavirus stimulus spending will push down currency values.
Fed Holds Interest Rates Steady but Opens Door to a Cut – Gold Silver Reports
Federal Reserve officials left interest rates unchanged at their June meeting but opened the door to a cut if President Trump’s trade fight intensified and risks to the American economy increased.
Growth Stumbling But Central Bank Arsenals are Near Empty
Gold Silver Reports – Global economic growth is slowing, according to the International Monetary Fund, policymakers and hundreds of economists polled by Reuters – but that downturn is coming at a time when central banks’ arsenals are running on empty.
Draghi: The Governing Council stands ready to adjust all of its instruments
Draghi: The Governing Council stands ready to adjust all of its instruments to ensure that inflation continues to move towards the inflation aim
Gold Hovers Near 10-month Peak Amid Steady Dollar After Fed Minutes
Gold prices were firm near a 10-month peak on Thursday, with the dollar holding steady in the wake of minutes from the latest U.S. Federal Reserve meeting that rekindled expectations of a possible rate hike later in the year.