In its latest survey of fund managers, Bank of America Merrill Lynch points out that the proportion of fund managers expecting a global recession in the next 12 months was at its highest since 2011. Last week, the US yield curve inverted, setting the stage for the yellow metal to shine even brighter.
Bank of America Merrill Lynch
Desire for Gold is the most Universal and Deeply Rooted Commercial Instinct of the Human Race
The desire for gold is the most universal and deeply rooted commercial instinct of the human race,” said renowned Wall Street trader Gerald M. Loeb. In times of uncertainty, this instinct gets even more pronounced.
Reserve Bank of India (RBI) is Expected to Deliver a 25 bp Rate Cut Amid india’s benign inflation, aim to stimulate nation’s economic growth: ScotiaBank
The Reserve Bank of India (RBI) is expected to deliver a 25 bp rate cut amid India’s benign inflation on Thursday afternoon, with the aim of stimulating the nation’s economic growth that slowed to 5.8% yoy in the January-March quarter from 6.6% the previous three months. Lower crude oil prices also boosted the prospects of a cut in interest rates, according to the latest research report from Scotiabank.