Gold Silver Reports — Indian central bank Governor Urjit Patel and Deputy Viral Acharya are pushing commercial banks to cut borrowing costs in a bid to boost investment, after what many economists see as a final policy-rate reduction in this cycle.
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.
Global Gold Prices Firm ahead of Fed Minutes
Spot Gold Advances as Fed Holds Rates Steady, Assesses Inflation
Spot gold touched a session high after the Federal Reserve left its benchmark policy rate unchanged and said it’s “monitoring inflation developments closely.”
U.S. Stocks Fall, Dollar Weakens After Growth Data: Markets Wrap By Jeremy Herron
Most U.S. stocks fell amid disappointing earnings that have rattled technology shares, while the dollar weakened and gold climbed after data showed the American economy expanding at a slower-than-expected pace.
Draghi Says Officials ‘Aren’t There Yet’ as ECB Keeps Stimulus
Gold Silver Reports — Mario Draghi said policy makers are still waiting for inflation to catch up with the economic recovery as they put off discussions on winding back stimulus until after the summer.
Aussie Dollar Gives Reserve Bank a Rate Hike It Doesn’t Want
Gold Silver Reports — Aussie Dollar Gives Reserve Bank a Rate Hike It Doesn’t Want — Aussie firms fretting over talk of interest-rate hikes could be feeling like they’ve just had one — thanks to a spiraling currency.
Euro Climbs as Draghi Talks Up Growth; Gold Slips
Gold Silver Reports — Central banks dominated markets on Thursday, with the euro and bonds whipsawed after the ECB kept rates on hold before the bank’s President Mario Draghi talked up European growth. Stimulus was maintained in Japan, sinking the yen and lending support to the dollar.