Gold Price Analysis: Gold inches closer to the $1,800 threshold, refreshing weekly top to $1,788.31 by the press time of early Thursday. In doing so, the yellow metal takes the bids for the second consecutive day on the weaker US dollar. Recently propelling the commodity prices are the comments from US President Joe Biden.
Global Economic
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Fed upgrades its outlook but tapering and liftoff are not in the radar 🛑
The Fed acknowledged that economic conditions have improved but the recovery remains uneven and incomplete. As we expected, the Fed left interest rates unchanged, maintained the monthly pace of asset purchases and kept its forward guidance unaltered.
RBI Bond Buying Pledge Seen Only Giving Short-Term Market Relief
RBI Bond: The Reserve Bank of India’s pledge to buy as much as 1 trillion rupees ($13.4 billion) of bonds this quarter has sent a wave of relief through the sovereign debt market. However, some say the move may be insufficient in the face of the nation’s near-record borrowing plan.
RBI, Sebi seek time to file response in Yes Bank AT1 bondholder case
The Bombay high court has granted time to the Reserve Bank of India (RBI) and market regulator Securities and Exchange Board of India (Sebi) to file responses in a petition filed by individual holders of Yes Bank AT1 bonds.
Economic Calendar March 23, 2021 – Gold Silver Reports
Economic Calendar March 23, 2021 Outlook our fast-updating and interactive economic calendar for important events and releases that affect the commodities markets and stocks.
Powell Holds Dovish Line as Fed Signals Zero Rates Through 2023
Fed Signals Zero Rates Through 2023: Federal Reserve Chair Jerome Powell and his colleagues continued to project near-zero interest rates at least through 2023 despite upgrading their U.S. economic forecast and the mounting inflation worries in financial markets.
Fed Meeting Begins, Dow Jones Falls at The Open
Fed Meeting Begins : The Dow fell at the open on Tuesday as investors remained on the sidelines ahead of the Federal Reserve’s two-day policy meeting against the backdrop of rising borrowing costs.