Gold Silver Reports — Reserve Bank of India Concern on Inflation — The IMF echoed the Reserve Bank of India’s concern on inflation, saying the monetary authority must be ready to raise interest rates if price pressures build.
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.
Janet Yellen’s Outlook for Higher U.S. Interest Rates
Gold Silver Reports — Janet Yellen’s Outlook for Higher U.S. Interest Rates — They should’ve had more faith. Hedge funds reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains.
Indian Economy on Recovery Path
Gold Silver Reports — Ahead of the meeting of finance ministers and central bank governors of G20, the IMF said India’s economy is on a recovery path while cautioning that any deceleration in the pace of reforms will weigh on growth.
In a surveillance report released on Thursday, the IMF said lower oil prices, positive policy actions and improved confidence have helped India’s growth prospects.
Pound Falls Even as Inflation Rises
Gold Silver Reports — The pound fell even as a report showed that the UK’s annual in flation rate accelerated more in June than economists forecast, …
Brexit Vote Count: What to Watch for as the Night Unfolds
Gold Silver Reports — The U.K. is poised to decide on its future in the European Union in a referendum on Thursday. Polling stations are open from 7 a.m. to 10 p.m. local time.
Brexit’s Advocates and Opponents Made 11th-Hour Appeals
Gold Silver Reports — Brexit’s advocates and opponents made 11th-hour appeals to voters on the eve of the U.K.’s referendum on European Union membership, with opinion polls on the last day of campaigning suggesting the ballot could go either way.
Still a Long Way to Go; FDI in India
Gold Silver Reports — India’s foreign direct investment (FDI) inflows have picked up consistently in the last three years and it is one of the top 10 destinations in the world , but these investments are still small compared to the economy and in the overall global scheme of things.