Oil prices rise by over $1 as OPEC+ delays output hike
Beijing/IBNS: Oil prices saw further gains on Monday (Nov. 4), climbing more than $1 following OPEC+'s decision to delay a planned production increase by a month.
Asian shares decline, oil and safe-haven assets surge following Iran's strike on Israel
Mumbai/IBNS: Oil and safe-haven assets surged after Iran launched a missile attack on Israel, causing US stocks to fall on Tuesday (Oct. 1) as investors sought safety, reports Bloomberg.
Gold prices rise ahead of US inflation prints
Mumbai/IBNS: Gold prices rose slightly in the domestic futures market on Friday (Sept. 27) morning, following positive global trends as investors awaited the release of the US core personal consumption expenditures (PCE) price index data later in the day, reports said.
US Fed rate cut to have little impact on India: CEA Nageswaran
New Delhi: The recent rate cut by the US Federal Reserve is unlikely to have a major impact on India, as much of the move was already factored into the market, said Chief Economic Advisor (CEA) V. Anantha Nageswaran on Thursday, media reports said.
Weak US jobs report paves the way for Federal Reserve interest rate cuts
Washington: U.S. employers slightly increased hiring in August compared to July's sluggish rate, while the unemployment rate fell for the first time since March, suggesting the job market is slowing down but still holding strong, news agency AP reported.
US Fed keeps key interest rates steady at 5.25 - 5.50% for sixth straight meet
Washington: The US Federal Reserve maintained interest rates at 5.25 percent - 5.50 percent on Wednesday for the sixth consecutive meeting, aligning with market expectations.
US Federal Reserve hikes policy rate by 25 bps
The United States Federal Reserve has increased the policy rate by 25 basis points, resulting in a new range of 4.75% to 5%.
S.Korean currency tumbles against US$
Seoul/UNI: South Korean won tumbled on Monday as hawkish comments made by US Federal Reserve Chair Jerome Powell led to a strong US dollar.
Fed on way to bigger action as inflation soars in US
Washington: Amid soaring inflation, the US Federal Reserve is likely to hike key policy rates to help mitigate price increases that are showing no signs of cooling, media reports said.
Now is the Perfect Time to Buy Gold – Here’s Why
Gold is historically viewed as an investment hedge that stays strong even as inflation ravages the economy. Most investors think of it as an insurance policy when bad times roll, as fiat currency and other assets waver in difficult times. The current geopolitical climate has only consolidated the status of gold as a robust safe haven asset.