Switzerland accounts for half of India’s gold imports in FY21
Swiss gold accounted for almost half of India’s imports of the yellow metal, at $16.3 billion, in 2020-21. India imported gold worth $34.6 billion last fiscal against $28.2 billion in…
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Gold trades steady as dovish FED plays down taper talk
Gold prices saw some profit booking after breaking higher to a month high above US$1,820 an ounce, after Federal Reserve chair Jerome Powell soothed investor fears by reassuring that he was in no rush to tighten policy.
Gold Exchange and EGR
Our Research Head, Renisha Chainani, speaks about gold exchange and EGR to CNBC Awaaz where she explains how gold exchange works. She also delves into how setting up of a gold exchange will create a vibrant gold ecosystem in India.
How 13-year high US Inflation is impacting Gold
Gold surged around 1% last week, the fourth straight weekly gain after Federal Reserve Chair Jerome Powell told Congress the central bank is committed to its ultra-easy stance despite rising inflation. As per the latest data of June 2021, US CPI was recorded at 5.4% and US Core CPI was 4.5% which is at a 13-year high level.
Gold heads for fourth weekly gain as Powell defends stimulus
Gold headed for a fourth straight weekly gain after Federal Reserve Chair Jerome Powell told Congress the central bank is committed to its ultra-easy stance despite rising inflation.
Gold holds near Four-Week High after Powell stimulus reassurance
Gold steadied near a four-week high as Federal Reserve Chair Jerome Powell reassured investors on the outlook for stimulus, while rising inflation helped boost demand for the metal as a store of value.
Prices climb for third straight month, hitting 5.4 percent year over year
US June’s CPI data showed that the inflation index was up 5.4 percent from the year before, the highest 12-month increase since August 2008. For families already struggling to pay the bills, any price increase is hard.
Gold advances as U.S. Inflation data leaps past estimates
Gold gained after U.S. inflation data came in significantly higher than expected, with investors weighing the timeline of the Federal Reserve’s stimulus program
Gold steadies before U.S. Inflation data and Powell Testimony
Gold steadied as investors awaited key U.S. inflation data and Federal Reserve Chair Jerome Powell’s testimony this week for clues on when the central bank will start tapering its asset purchases While economists have marked up their expectations for U.S. gross domestic product in the second half of this year, they’ve also boosted their inflation forecasts.
Gold holds gain as bond yields waver, economic outlook clouds
Gold held an advance as bond yields retreated and investors weighed the outlook for global growth on concerns that coronavirus variants may threaten the economic recovery.
Gold bolsters on safe-haven demand as Delta variant risk looms
Concerns over the fast-spreading Delta variant of COVID-19 and a dip in U.S. Treasury rates pushed gold higher for the third consecutive week, boosting demand for the safe-haven commodity.