Boris Johnson will return to Downing Street with a big majority after the Conservatives swept aside Labour in its traditional heartlands.
Gold Prices Unable Break $1492, The Downtrend Will Remain Intact
Gold prices got a lift after the December Fed meeting, with Fed Chair Powell saying that interest rates are likely to remain on hold for quite some time.
Federal Reserve Keeps Interest Rates Unchanged – Gold Silver Reports
The Federal Reserve said Wednesday that it would keep the benchmark interest rate at its current range of 1.5%-1.75%, a widely expected decision that ends the Fed’s rate-cutting streak.
Federal Reserve Interest Rate Decision Forecast – No expectation for a change in the Fed funds target rate
The Federal Reserve will finish its scheduled two-day meeting of the Federal Reserve Open Market Committee (FOMC) on Wednesday, December 11th. The governors will release the policy decision and economic and rate Projection Materials at 19:00 GMT. 14:00 EST. Chairman Powell will read his statement and hold a news conference starting at 19:30 GMT, 14:30 EST.
Crude Oil prices Slip as Trade War Concerns Haunt Market
Crude Oil prices slipped for a second straight day on Tuesday as a slowing global demand outlook outweighed OPEC’s deal with associated producers last week to deepen output cuts in 2020.
Stocks to Watch: State Bank of India, IndiGo, Infosys, Nestle India
Infosys: The Schall Law Firm, a shareholder rights litigation firm based in Los Angeles has announced the filing of a class action lawsuit against Infosys Limited. It alleged that Infosys made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits.
Gold Smuggling on the Rise as High Prices Boost Appeal in India
Surging gold prices in India are keeping customs officials on their toes. Illegal inflows have jumped after the Indian government increased import taxes in July and prices surged to record highs in September.