“I don’t want divulge in to how they are diverting, but I think the RBI has taken very considered decision and they have also done by purchasing gold,” FM Sitharaman added.
For the first time since the 1990s, the world’s central banks, the 'banks of countries' now hold more gold than US government bonds.
The biggest week for sales of longer government bonds since May could weigh on prices as the Treasury offers $125 billion of new three-, 10- and 30-year notes
China has reduced exposure to US treasuries by 1.8 percent or $13.5 billion in its portfolio and India cut holdings by 0.4 percent or $1 billion, between April 2024 and April 2025.
The planned visit opens a new window into some of the US government’s most sensitive financial data
The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegaz, as well as 183 vessels that have shipped Russian oil, targeting revenue Moscow has used to fund its war with Ukraine.
Chinese state-sponsored hackers breached the US Treasury Department’s IT systems, South Korean President Yoon Suk Yeol faces arrest; here's a look at some of the major developments from across the world.
Treasury was notified on Dec. 8 by a third-party software provider, BeyondTrust Inc., that a hacker had gained access “to a key used by the vendor to secure a cloud-based service used to remotely provide technical support for Treasury Departmental Offices (DO) end users,” according to the letter.
While India has increased its holdings of US securities, its central bank has also added substantially to its gold reserves
The advances sent benchmark yields tumbling on Wednesday, with two-year yields down by as much as 4 basis points to 4.32%, the lowest since February
Spot gold was up 0.2% at $2,473.89 per ounce as of 1002 GMT, after hitting an all-time high of $2,482.29 earlier in the session. U.S. gold futures gained 0.4% to $2,478.50
After last week’s debate hurt President Joe Biden’s chances of winning reelection, Wall Street strategists are urging clients to position for sticky inflation and higher long-term bond yields.
The new requirements aim to crack down on crypto users who may be failing to pay their taxes, and stem from the $1 trillion bipartisan 2021 Infrastructure Investment and Jobs Act. At the time the bill was passed, it was estimated that the new rules could bring in close to $28 billion over a decade.
Bank of America survey notes that the higher the share of investors who see fiscal policy as "too stimulative," the greater the outperformance of US industrials vs US staples.
The U.S benchmark 10-year Treasury yield was around 1 basis point (bp) lower at 4.33%.
Walmart kicked off the earnings season for U.S. retailers on an upbeat note, helping limit losses on the Dow, but Europe's broad STOXX 600 benchmark and Japan's Nikkei remain about 1% below respective record peaks in 2022 and 1989.
The US dollar weakened slightly but stayed close to its highest level in nearly three months in the wake of recent strong economic data and the Fed's recent hawkish stance on rates.
US Treasury yields rose as investors sought a greater return for the risk of taking on rising government debt issuance before $162 billion in shorter-term Treasuries are auctioned this week.
Wall Street stocks dipped in early trading as US earnings season unofficially began. Major US. bank fourth-quarter profits fell, and an S&P 500 bank index was down 0.9%.
Around 15 minutes into trading, the Dow Jones Industrial Average was up 0.2 percent at 37,475.67.
Oil prices, after rallying earlier in the week due to concerns about shipping disruption in the Red Sea, fell on Thursday after Angola announced it is leaving the Organization of the Petroleum Exporting Countries (OPEC).
Spot gold was up 0.6% at $2,041.27 per ounce, as of 12:35 p.m. ET (1735 GMT). US gold futures rose 0.3% to $2,053.20.
Spot gold fell 1.4% to $2,000.49 per ounce by 2:15 p.m. ET (1915 GMT) after hitting a session low of $1,994.49 earlier. Prices were down 3.4% so far for their worst week in ten.
That slowdown should prompt the Federal Reserve to begin easing some time next year. US rate futures were pricing in a 23% chance of a rate cut in March, rising to a roughly 50% probability in May, according to the CME's FedWatch tool.
Gold prices were up more than 1%, hit a more than six-month high and tracking for their fourth consecutive gain with help from the retreating dollar and hopes for easier Fed policy.