On March 24, the RBI will unveil plans for a new liquidity increase, focusing on the banking industry and the rupee. Later this month, the RBI plans to hold a USD 10 billion/INR buy/sell swap auction to provide liquidity to the banking system. The RBI said in a news release that the swap auction for…
Gold prices rose 0.04% to close at 78,566 as investors weighed US economic strength and looked ahead to a set of US economic data that could influence the Federal Reserve’s rate decisions. With key employment and inflation data and the US presidential election approaching, market participants are clarifying the Fed’s rate stance. The latest data…
Gold prices hit record highs on Friday, helped by an interest rate cut by the European Central Bank just weeks before the US presidential election. Spot gold rose 0.8% to $2,713.18 an ounce, while gold futures for December expiration rose 0.8% to $2,728.30 an ounce, both hitting record levels on Friday. Silver prices broke out…
Gold prices moved in a lower range in Asian trade on Thursday. The strength of the dollar weighed on gold prices as US interest rates did not fall as expected in the medium to long term. The yellow metal took some gains after touching a peak ahead of Wednesday’s Fed decision. Spot gold rose 0.1%…
Ahead of the Federal Reserve’s widely anticipated interest rate decrease next week, gold reached yet another record high. Friday saw a 1% increase in gold prices to $2,583.45 an ounce, putting it on track for a roughly 3% weekly gain. Gold has increased by 25% this year as a result of the central bank’s move…
The Central Bank Digital Currency (CBDCRetail or eR) has gained popularity after a sluggish beginning. By the end of the month, there will be 50,000 CBDCR users, up from 16,000 at the moment. On December 1, the Reserve Bank of India began an eR pilot experiment. The digital money is doing fairly well, according to…
