Gold hits 1-month low on Bernanke's reduced stimulus talk
Jun 20, 2013 at 02:20 | Source:
NEW YORK/LONDON: Gold fell to a one-month low on Wednesday after the US Federal Reserve chairman said he expects to slow the pace of the central bank's bond purchases later this year and bring them to a halt around mid-2014. After trading higher mos...
Instant view: Fed to keep buying bonds; boosts 2014 forecasts
Jun 20, 2013 at 00:15 | Source:
REUTERS - The U.S. Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it ...
Gold edges higher as Bernanke update nears
Jun 19, 2013 at 19:37 | Source:
NEW YORK (MarketWatch) — Gold futures added to modest gains on Wednesday, bouncing back from near one-month lows as traders awaited clues from the Federal Reserve and its chairman, Ben Bernanke, that the flow of monetary stimulus is set to slow. S...
New catalyst could jumpstart e-cars, green energy
Jun 19, 2013 at 19:02 | Source:
Los Alamos National Laboratory scientists have designed a new type of nanostructured-carbon-based catalyst that could pave the way for reliable, economical next-generation batteries and alkaline fuel cells, providing for practical use of wind- and s...
How to trade the Federal Reserve decision
Jun 19, 2013 at 13:52 | Source:
NEW YORK (MarketWatch) — The main question hanging over financial markets right now is when and how the Federal Open Market Committee will scale back its bond purchases, seen as one of the biggest drivers for investment moves this year. After a tw...
Global drop to cast shadow on gold; MCX August may slip to Rs 26,800
Jun 19, 2013 at 11:42 | Source:
The Hindu BusinessLine
Chennai, June 19: With gold prices having dropped over one per cent overnight in the global market, the precious metal will likely head lower on spot and futures market on Wednesday. Though the rupee’s fall threatens to reverse the bearish tre...
China stocks fall, Japan jumps, ahead of Fed meet
Jun 19, 2013 at 08:37 | Source:
HONG KONG (MarketWatch) — Chinese and South Korean stocks fell Wednesday on caution ahead of the Federal Reserve’s monetary-policy decision later in the day, while Japanese shares rallied on a weakened yen and strong overnight gains on Wall Stre...
Gold prices retreat ahead of Fed meeting
Jun 19, 2013 at 04:30 | Source:
LONDON (Reuters) - Gold prices fell on Tuesday as traders took to the sidelines ahead of a Federal Reserve policy meeting they hope will give greater clarity on the outlook for U.S. monetary policy.The Fed meets this week amid intense speculation tha...
Gold, silver prices rebound on weak rupee
Jun 18, 2013 at 21:02 | Source:
Both the precious metals, gold and silver, rebounded here today on stockists buying amid concerns over weakening rupee. While gold surged by Rs 230 to Rs 28,480 per ten grams, silver gained Rs 250 to Rs 44,600 per kg on increased offtake. STOCK MARK...
BSE Sensex sheds 103 pts on profit booking; Fed meet eyed
Jun 18, 2013 at 20:22 | Source:
Equity benchmarks shed more than 0.5 percent Tuesday amid volatility on profit booking and further depreciation in rupee. Investors seemed anxious ahead of the two-day Federal Reserve's policy meeting that will begin tonight. BSE Sensex fell by 102....
Gold, silver prices rebound on weak rupee
Jun 18, 2013 at 17:06 | Source:
NEW DELHI: Both the precious metals, gold and silver, rebounded here today on stockists buying amid concerns over weakening rupee. While gold surged by Rs 230 to Rs 28,480 per ten grams, silver gained Rs 250 to Rs 44,600 per kg on increased offtake....
Trade gap widens in May
Jun 18, 2013 at 07:47 | Source:
Calcutta Telegraph News
New Delhi, June 17: A nearly 90 per cent annual jump in gold and silver imports saw the country’s trade deficit rise to a seven month high of $20.14 billion in May from $17.8 billion in April. The gap was $16.9 billion in May last year. Financ...
Gold slips as US equities rise, FOMC in focus
Jun 18, 2013 at 04:26 | Source:
NEW YORK/LONDON: Gold fell around 0.5 per cent in quiet trade on Monday as a Wall Street rally reduced the need for safe-haven buying and investors awaited this week's US Federal Reserve meeting for signals on the central bank's monetary stimulus pla...
Rupee falls after RBI keeps rates on hold
Jun 18, 2013 at 02:15 | Source:
MUMBAI (Reuters) - The rupee fell on Monday as the RBI kept interest rates on hold and on caution ahead of the U.S. Federal Reserve's meeting later this week, although a lower-than-expected trade deficit helped to cap the currency's losses.The Reserv...
Trade deficit at seven-month high as gold imports surge
Jun 17, 2013 at 23:45 | Source:
NEW DELHI (Reuters) - India's trade deficit widened to a seven-month high in May as gold imports surged, provisional data showed on Monday, but economists expect newly announced measures to dampen demand for the precious metal in coming months and na...
Sensex shrugs off RBI policy; rallies 148 ahead of Fed meet
Jun 17, 2013 at 23:27 | Source:
Equity benchmarks gained momentum in late trade Monday ahead Federal Reserve's meeting, ignoring RBI's status quo credit policy . BSE Sensex rose 147.94 points or 0.77 percent to close at 19325.87, and NSE Nifty gained 43.10 points or 0.74 percent a...
Currency Watch: Why the rupee fell after RBI kept rates on hold
Jun 17, 2013 at 17:48 | Source:
Mumbai: The rupee fell on Monday as the RBI kept interest rates on hold and on caution ahead of the U.S. Federal Reserve's meeting later this week, although a lower-than-expected trade deficit helped to cap the currency's losses.The Reserve Bank of I...