How will the Indian markets likely react to rate cut cues for September? Analysts see positives in the Federal Open Market Committee (FOMC), maintaining the benchmark interest rate at 5.25-5.50 per cent on Wednesday, while also signaling a potential rate cut in September. The US central bank has kept interest […]
US central bank
Gold prices slumped on Wednesday due to a stronger dollar, rising bond yields, and hawkish remarks from a Federal Reserve official, which dampened market sentiment ahead of the U.S. inflation data release. By 10:00 a.m. ET (1400 GMT), spot gold had decreased by 0.7 per cent to $2,345.62 per ounce, […]