Gold and silver prices dropped sharply this week as global bullion markets weakened. Rising optimism over a potential US-China trade deal and a strong US dollar reduced safe-haven demand for precious metals. Gold Market Update On the Multi Commodity Exchange (MCX), gold futures for December delivery fell by Rs 1,546 (1.25%), closing at Rs 1,21,905 […]
Tag: Federal Reserve
Oil Prices Dip as Demand Outlook Worsens on China woes, OPEC Warning
Oil prices fell in choppy trade on Tuesday and nursed steep losses this week as weak economic data from China brewed more concerns over worsening demand, although the prospect of smaller U.S. rate hikes and tightening supply helped limit losses. Crude markets plummeted at the beginning of the week after rising COVID cases in major […]
BoJ Holds Ultra-Low Interest Rates, Raises 2022 Inflation Forecast
The Bank of Japan (BoJ) held interest rates at record lows as expected on Friday, and said inflation is likely to rise more in the near-term as the Japanese economy struggles with elevated raw material costs and supply chain issues The central bank held its target for short-term interest rates at negative 0.1%, and said […]