A strong US dollar and a cautious market approach ahead of key economic data and Federal Reserve talks pushed gold prices lower. Federal Reserve minutes expressed optimism about a strong labor market and easing inflation, Global demand for gold remained stable at 1,176.5 metric tons in Q3 2024, as robust investment activity offset declining jewelry…
The US dollar rose to a new high on Friday, while the euro sank on poor euro-area economic data. The dollar rose 3% this month on expectations that a presidential election victory would boost inflation and limit the Federal Reserve’s ability to cut interest rates. In Europe, EUR/USD fell to a two-year low on Thursday…
The agriculture sector has continually done well, according to the Monday economic review of India, despite the country managing to keep food inflation at moderate levels and lower than many other nations. It said that unexpected rains put strain on certain food items’ rices, resulting in crop losses and supply chain problems caused by the…
India’s economic growth most likely matched government predictions because demand sparked an expansion in the services sector and mitigated the effects of high borrowing rates. According to the consensus estimate in a Bloomberg survey, which is in line with a government forecast given three months ago, data due on Wednesday is anticipated to reveal that…
Due to a strong dollar and gloomy global market attitude, the rupee was trapped between 82.90 and 82.60 levels the previous week. The dollar strengthened as tensions over the debt ceiling negotiations increased and Fitch placed the nation’s credit rating under review for potential downgrading. Better-than-expected economic statistics from the US boosted the speculations that…
