Global Central Banks

Is the gold price rally trying to warn against a rise in inflation?

Christopher Wood, global head of equity strategy at Jefferies expects gold prices to hit $6,600/oz going ahead, up 57 per cent from the current levels.

Gold braces for turbulence ahead of central bank, geopolitical triggers

Gold prices are likely to witness some consolidation in the domestic markets next week as investors brace for a series of key central bank meetings and global trade developments, analysts said. Investors will keenly follow the US Federal Reserve's (Fed) policy outcome and remarks from Fed Chair Jerome Powell for cues on the interest rate decision. The US President Donald Trump and his Chinese counterpart Xi Jinping's meeting in South Korea, and the European Central Bank's policy review on Thursday are also expected to steer the trajectory of precious metal prices, they added. "Gold prices closed in negative for the first time in ten trading weeks, on profit-booking at recent tops, weakening physical demand in Asian centres like India & China, and further weighed by a stronger US dollar," Pranav Mer, Vice President, EBG -- Commodity & Currency Research, JM Financial Services Ltd, said. He said physical demand in India weakened in the latter part of the week as buyers trimmed ...

Chris Wood sees gold prices at $6,600 in a secular bull market; here's why

At the peak of the last secular bull market in gold in January 1980, Wood said, gold price was then equivalent to 9.9 per cent of US disposable income per capita which stood at $8,551

Pakistan cuts key policy rate by 250 bps to 15%; 4th straight reduction

Average consumer price index inflation in the South Asian country is 8.7% in the current financial year, which started in July, the statistics bureau says

Shaktikanta Das receives A+ grade in the central bank report cards 2024

RBI Governor Das gets the A+ grade for second consecutive year; key areas, including inflation control and economic growth targets, evaluated

Trump planning to launch sons' crypto biz on Monday, 50 days before polls

Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by the Republican nominee's sons Donald Jr. and Eric. His speech will come 50 days before Election Day, an extraordinary use of dwindling campaign time to promote a personal business. The Republican former president has long mixed his political and business interests and marketed sneakers, photo books and Trump-branded Bibles during his 2024 campaign. We're embracing the future with crypto and leaving the slow and outdated big banks behind, Trump said in a video posted Thursday to X, the social media site that will also host his address on the subject at 8 p.m. EDT on Monday from his Mar-a-Lago home. As part of his presidential campaign, Trump has pledged to turn the United States into the crypto capital of the planet, raising red flags that he could use the federal government to help support a business tied to hi

Visa aims for 10-fold rise in Pakistani businesses using digital payments

Visa is investing in building digital payment infrastructure in the country, aiming to make digital payments less costly and more manageable

Why is China turning its back to gold jewellery? Chris Wood explains

In dollar terms, gold prices hit $2,331/oz at the end of H1-CY24, according to WGC data, rising 12.1 per cent during this period

Gold slips Rs 10, silver gains Rs 100; yellow metal trading at Rs 72,210

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,340, Rs 66,190, and Rs 66,960, respectively

Biggest global gold ETFs by AUM see $3.9 bn outflow in 5 months. Check why

On the other hand, gold prices have seen a rise in the last few months amid steady demand, especially from the global central banks

Global rate cuts: Slowing inflation primes G-7 central banks for June

Days after US data revealed cooler-than-expected consumer-price growth, the UK, Canada and Japan will all publish numbers for April that are likely to go in the same direction

BOJ survey finds less optimistic manufacturers, but happier service sector

A key Japanese central bank report said Monday that sentiment among big manufacturers has sagged but that optimism is at a three-decade high among large business outside the manufacturing sector. The Bank of Japan's tankan report said sentiment among large manufacturers, which include auto and electronics giants, declined in March for the first time in a year, standing at plus 11, down two points from December. The average market forecast by Japanese news service Kyodo was 9. The index for large-scale non-manufacturers, including the service sector, hit a 33-year high at plus 34 points, up two points from the last report in December. The tankan, carried out every three months, surveys about 9,000 Japanese companies and measures corporate sentiment by subtracting the number of companies saying business conditions are negative from those saying they are positive. The optimism among the non-manufacturing businesses reflects the return of tourism, both overseas and domestic, which had

Cracks start to emerge in global central bank's four-year synchronicity

The International Monetary Fund's latest round of forecasts highlights the divergence: an improved US outlook, worse prospects for the euro zone and miserable figures for the UK

Cen banks to intervene more in bond mkt; regulation needs review: ICMA

The report is based on the biggest government bond markets in Europe

Central banks have saved the world in the past. And will do so again

'Central banks will occupy an ever-more important position in the economic and security life of nations, if history is any guide'

Different outlook

Western central banks are planning differently for 2024

Global rate-cut standoff looms in 2023 policy finale; all eyes on Fed, BOE

Policymakers from fully half of the Group of 10 jurisdictions of most-traded currencies are scheduled to meet in the coming days, and interest rates for 60% of the world economy will be set

Best of BS Opinion: Olympian ideals, land leasing needs a sound law & more

Here is the best of Business Standard's opinion pieces for today

Work in progress

Multilateral bank reforms will need more effort

I do not think it is time for investors to be fearful: First Global's Mehra

The risk of a large correction or a time to be fearful is when the market is far above the trend line, which is not the case currently, says Mehra