Oct 20, 2016 at 14:55 | Source: Reuters
While higher purchases could widen India's trade deficit given bullion accounts for a major chunk of its imports, they would underpin global gold prices that have come off 7 percent from two-year highs hit in July as expectations of a US interest rate hike by year-end strengthened the dollar.
Oct 20, 2016 at 10:42 | Source: Reuters
"If the economy stays on its current trajectory I think ... we'll see an interest rate hike later this year," New York Fed President William Dudley told a modest dinner gathering at the Lotos Club, downplaying any market-related risks of tightening monetary policy in December.
Oct 18, 2016 at 18:13 | Source: Moneycontrol.com
The six-member panel, which brainstormed over two days, unanimously agreed that inflation was unlikely to gallop past the tolerance threshold of 6 percent in the next few months.
Oct 18, 2016 at 14:52 | Source: Reuters
Spot gold is seen at USD 1,347.40 an ounce by October next year. Gold has shed 8 percent from a two-year high in July amid expectations for a US interest rate hike by year-end. It was trading at about USD 1,262 on Tuesday.
Oct 18, 2016 at 11:55 | Source: Reuters
New RBI Governor Urjit Patel and his six-member Monetary Policy Committee used the same rationale for their surprise 25 basis point (bps) cut to 6.25 percent earlier this month, the lowest since November 2010.
Oct 17, 2016 at 14:30 | Source: Reuters
Continued firm demand from China should help underpin global benchmark gold prices that have come off two-year highs as expectations of a US interest rate hike by year-end strengthened the dollar. But the precious metal remains up 18 percent for 2016, following a three-year decline.
Oct 14, 2016 at 16:45 | Source: CNBC
The firm reported quarterly earnings of USD 1.58 per share on revenue of USD 25.51 billion. Analysts on Wall Street had expected earnings of USD 1.39 a share on about USD 24 billion in revenue, according to a consensus estimate from Thomson Reuters.
Oct 14, 2016 at 12:27 | Source: PTI
Wholesale Price Index (WPI) inflation in vegetables witnessed deflationary pressures and was recorded at (-)10.91 percent in September. Inflation in this category had scaled a high of 28.45 percent in July.
Oct 13, 2016 at 18:36 | Source: Moneycontrol.com
Indias retail inflation grew 4.31 percent in September, its slowest pace since August last year, bolstering hopes of another round of interest rate cut in the coming months.
Oct 12, 2016 at 09:04 | Source: Reuters
Gold was little changed early Wednesday as the US dollar retreated, with markets waiting for minutes from the September Federal Reserve policy meeting for more clues on any interest rate hikes this year.