Page 8 - Federal Reserve
Gold price dips Rs 10 to Rs 69,260, silver falls Rs 100 to Rs 81,000
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 63,490
 "Gold price dips Rs 10 to Rs 69,260, silver falls Rs 100 to Rs 81,000")
Gold price dips Rs 10 to Rs 69,700, silver falls Rs 100 to Rs 82,400
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 63,890
 "Gold price dips Rs 10 to Rs 69,700, silver falls Rs 100 to Rs 82,400")
Gold price climbs Rs 10 to Rs 70,700, silver rises Rs 100 to Rs 87,300
The price of 22-carat gold rose Rs 10, with the yellow metal trading at Rs 64,810
US FOMC holds rates steady at 5.25% to 5.5%, signals 1st cut nearer
Officials also tempered their assessment of the labor market, noting job gains had moderated and the unemployment rate has moved up, but is still low
 "US FOMC holds rates steady at 5.25% to 5.5%, signals 1st cut nearer")
Citi breaks banks safety rules, makes liquidity reporting errors: Report
Firm's subsequent reaction to breaches resulted in liquidity reporting inaccuracies, according to the document, which provides a 2023 year-end snapshot of some of Citi's work on regulatory issues
 "Citi breaks banks safety rules, makes liquidity reporting errors: Report")
US Fed Chairman Powell opens key week of Fedspeak as rate cut case develops
The Fed meets July 30-31, but under the central bank's rules policymakers can't comment about monetary policy from this Saturday, July 20, until the Friday after the meeting
 "US Fed Chairman Powell opens key week of Fedspeak as rate cut case develops")
Gold price slips Rs 10 to Rs 73,190, silver declines Rs 100 to Rs 94,400
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 67,090
Gold price slips Rs 10 to Rs 73,190, silverfalls Rs 100 to Rs 95,400
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 67,090
Gold price dips Rs 10 to Rs 73,570, silver rise Rs 100 to Rs 95,100
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 67,440
 "Gold price dips Rs 10 to Rs 73,570, silver rise Rs 100 to Rs 95,100")
Gold price slips Rs 10 to Rs 72,370, silver rises Rs 100 to Rs 96,100
The price of 22-carat gold also slipped Rs 10, with the yellow metal trading at Rs 66,340
 "Gold price slips Rs 10 to Rs 72,370, silver rises Rs 100 to Rs 96,100")
Gold price climbs Rs 10 to Rs 73,390, silver rises Rs 100 to Rs 91,100
The price of 22-carat gold rose Rs 10, with the yellow metal selling at Rs 66,360
Japan revises economic growth in Q1 downward; data shows sluggish demand
Japan revised its earlier estimates to show that its economy contracted at a 2.9 per cent annual pace in the first quarter of the year, as meanwhile a survey by the central bank released Monday showed conditions remain sluggish. Analysts had expected the downward revision in the GDP data for January-March and said it was mainly based on a change in data on construction activity. The earlier estimate was of a 1.8 per cent contraction in annual terms. The quarterly survey by the Bank of Japan showed a modest improvement in business sentiment among large and medium-size manufacturers. But details of the survey showed weakness in demand both in Japan and overseas. Across all industries and firm sizes, business conditions held steady at 12, which is on past form consistent with (quarterly) GDP growth of around 0 per cent, Marcel Thieliant of Capital Economics said in assessing the tankan. A renewed slowdown in GDP growth this quarter would be consistent with the slump in industrial ...
 "Japan revises economic growth in Q1 downward; data shows sluggish demand")
Fed Reserves' key inflation gauges may offer path to rate cuts in September
At the same time, the labour market - the other part of the Fed's dual mandate - is still plugging along, albeit in a lower gear
 "Fed Reserves' key inflation gauges may offer path to rate cuts in September")
Gold price slips Rs 10 to Rs 72,750, silver falls Rs 100 to Rs 96,400
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,690
 "Gold price slips Rs 10 to Rs 72,750, silver falls Rs 100 to Rs 96,400")
Gold price climbs Rs 10 to Rs 73,210, silver rises Rs 100 to Rs 97,800
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 67,260, Rs 67,110, and Rs 67,760, respectively
Dollar steady ahead of inflation data, yen weakens, Fed rate cut unlikely
The dollar was also lifted by rising Treasury yields after a lacklustre debt auction for sales
 "Dollar steady ahead of inflation data, yen weakens, Fed rate cut unlikely")
Fed's favourite underlying inflation gauge cools, shows modest relief
Economists expect the personal consumption expenditures price index minus food and energy, due on Friday, to rise 0.2 per cent in April
 "Fed's favourite underlying inflation gauge cools, shows modest relief")
Gold price dips Rs 10 to Rs 72,430, silver falls Rs 100 to Rs 91,900
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,390
Should you buy gold now? Check key levels here before investing your money
The downside pressure on gold further intensified on Thursday on better-than-expected S&P US Global manufacturing and services PMI data
 "Should you buy gold now? Check key levels here before investing your money")
Federal Reserve Chair Powell tests positive for Covid-19: Spokesperson
Powell, 71, previously tested positive for Covid in January 2023. The next meeting of the Fed's policy-setting committee is set for June 11-12
 "Federal Reserve Chair Powell tests positive for Covid-19: Spokesperson")