We have an early celebration on the gold jump in the previous day. Unfortunately, the precious metal drifted lower before the close of the day and settled just at $1,230. It means no breakout and today the bull has trouble to break the resistance level.
markets
How HDFC Life, SBI Life, ICICI Prudential differed in their Q2 results
The September quarter (Q2) saw different shades of performance by life insurance companies and the pressure on their unit-linked products was patently visible. In terms of profitability, HDFC Standard Life overshadowed its peers ICICI Prudential Life Insurance and SBI Life in performance.
Popularity of India Stocks Over Past Decade Adds to Outflow Risk
Gold Silver Reports (GSR) – Monsoon season may be over, but India’s investors are at risk from a different kind of flood. — Indian stocks have been the biggest emerging-Asian beneficiaries of the wave of liquidity that swept over world markets in the wake of the global financial crisis, That may also make them the most vulnerable, now that the waters are receding.
China Adds to Stimulus Drip-Feed as Markets Stumble Again
China is responding to the slump in its stock markets and the slowdown in the economy with a trickle of stimulus to stabilize, rather than rejuvenate, investor sentiment. The central bank plans to give 10 billion yuan ($1.4 billion) to China Bond Insurance Co. to provide credit support for debt sales by private enterprises
Bears Embrace Asia as Stock Benchmark Sinks 20% From Record High
Asia’s main equity gauge is poised to succumb, joining four major regional benchmark indexes into bear-market territory. the MSCI Asia Pacific Index slipped 0.5 percent to 149.68 as of 10:10 a.m. in Hong Kong, taking its slump from a Jan. 26 peak to 20 percent.
Five Questions for the ECB
Growing concern about the impact of trade tensions on the economic outlook, another spike in Italian borrowing costs, fraught Brexit talks and volatility in world markets make for a colorful backdrop to Thursday’s European Central Bank meeting.
After Hike, Fed Minutes May Hint on Path Ahead
MARKET PARTICIPANTS have a burning question for the Federal Reserve: How high will policy makers hike interest rates before pausing for a breather?
History Says The Market Sell-off isn’t Over And This Drop Will be ‘Sharper Than The First’
Stocks could see another swoosh before the market is able to build on, or even hold, this week’s gains.
Trump Says Federal Reserve Rate Hikes Are His ‘Biggest Threat’
President Donald Trump called the Federal Reserve his “biggest threat,” again criticizing the central bank for endangering economic growth through interest-rate hikes.
Gold Prices Slip Today, Silver Edges Lower
Global spot gold rate was little changed at $1,226.71 an ounce. It touched $1,233.26 on Monday, its highest since July 26. US gold futures were flat at $1,230.40 an ounce. Despite the recent rally in global gold rates, price of the precious metal remains down nearly 10% from its April peak.