Reading Time: 2 minutes Precious Metals remains sidelined around the weekly tops, as traders await the key data from the Fed’s preferred inflation gauge.
Reading Time: 2 minutes US Dollar Index has printed a fresh two-decade high above 111.7 after FED raised 75bps Interest rate. This has led to depreciation in USDINR, which is trading at lifetime low around 81. Depreciating rupee has supported domestic bullion prices even though, international gold prices are trading weak
Reading Time: 2 minutes The US Federal Reserve raised its target interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday and signalled more large increases to come.
Reading Time: 2 minutes FED will be raising rates in today’s meeting and it would be the third 75 bp hike in a row and take Fed funds to the highest since 2008.
Reading Time: 2 minutes U.S. inflation turned out stronger than expected yet again in August, paving the way for another big hike in interest rates from the Federal Reserve when its policy-makers meet next week.
Reading Time: 3 minutes Gold jumped 1% and silver rallied over 6% on Monday bolstered by a weaker dollar, while investors awaited key inflation data for cues on the pace of interest rate hikes by the U.S. central bank.