Gold Silver Reports — As the world’s top central bankers gather in Wyoming this week, their relief about a stronger global economy will be tempered by a growing unease that inflation remains inexplicably low.
inflation
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.”
GST May Lead to Inflation in the Short Run
Gold Silver Reports — The government may see a revenue loss of around `1 lakh crore and some jump in inflation in the coming year due to goods and services tax (GST), Thomas Isaac, Kerala’s finance minissaid on Thursday.
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, with traders awaiting the first data that indicate the state of the nation’s economy. Sterling weakened versus all except two of its 16 major …