Gold Silver Reports — St. Louis Federal Reserve President James Bullard said global markets appear to be “well-prepared” for a Summer interest rate hike from the US Fed, he did not specify a date for the policy move.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Dollar Strong Market Is Nearing in India
Gold Silver Reports — Faith in India’s economy and its weather is giving overseas investors the confidence to snap up equities at the quickest pace in more than a year.
Global Economy is Pretty Poor with China as an issue: Gold Zoom
Gold Silver Reports — Gold’s biggest rally in almost four decades has further to run as weak economies and teetering equity markets drive investor demand for the metal, according to Citrine Capital Management LLC.
Central Banks Buy Everything
Gold Silver Reports — At a time when risky assets including stocks, commodities, junk bonds and emerging-market currencies are rallying to multi-month highs, so are the havens, from gold, government bonds to the Swiss franc and the Japanese yen.
No matter that the U.S. labor market is deteriorating and the World Bank has just cut its estimates for global economic growth. Investors either don’t believe the news is bad enough to kill a global recovery that’s already long in the tooth, or they’re betting that sluggishness in some of the biggest economies means central banks will stay more accommodative for longer.
FOMC Convenes For The Two-Day Meeting on June 14-15
Gold Silver Reports — Gold prices pared losses during later half on Tuesday as investors contemplated the likelihood that the Federal Reserve would raise interest rates in the coming months.
RBI Policy Interest Rate Unchanged – Raghuram Rajan
Gold Silver Reports — RBI kept its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday, while cautiously signalling it could cut later this year if monsoon rains, and other factors, dampen upward pressure on food prices.
RBI Is Widely Expected to Keep Its Policy Interest Rate Unchanged
Gold Silver Reports — RBI Governor Raghuram Rajan, a much admired former International Monetary Fund chief economist, could be chairing his penultimate policy review, with investors waiting to hear whether the government plans to extend his 3-year term beyond September.