(Reuters) - Gold pared some losses after dipping more than 1% earlier on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell, but bullion struggled for traction as elevated U.S. Treasury yields dampened its allure as an inflation hedge.
12-15% allocation is a must to counter volatility in equities
The 10-year and 30-year US Treasury finished at 1.34 per cent and 2.13 per cent, respectively, last week
Sensex down 2.4% in four sessions
Spot gold fell 1.1% to $1,798.46 an ounce
She said passage of the Anti-Money Laundering Act in December would allow the Treasury Department to rework a framework for combating illicit finance that has been largely unchanged since the 1970s
The core infrastructure of financial markets had proven resilient during the high volatility and heavy trading volume around GameStop and other stocks
The U.S. Department of Defense and the Treasury Department did not immediately respond to requests for comment
The order does not authorize securities transactions with subsidiaries of banned Chinese military companies
Personal income tax refunds of Rs 62,231 crore have been issued to over 17.1 million taxpayers. Stay tuned for Latest LIVE news
A group of 16 senators, along with leaders of a group of House centrists, have engaged with the White House on the aid bill.
Yellen will take the lead in the effort to win Congressional support for Biden's proposed $1.9 trillion economic rescue plan, and increasing the federal minimum wage to $15 an hour
Mounting coronavirus cases and caution ahead of the U.S. Federal Reserve's policy meeting this week also dulled appetite for risk
As head of the Treasury, she'll be tasked with shepherding President Joe Biden's $1.9 trillion American Rescue Plan through Congress and overseeing its execution
Yellen's nomination was approved 26-0 in the evenly split committee, with concerns expressed by Republicans about President Joe Biden's ambitious plans
Yellen's Republican predecessor, Steven Mnuchin, was not confirmed until three weeks after Trump's inauguration
Yellen said she would work to implement Biden's promise to "oppose any and all the attempts by foreign countries to artificially manipulate currency values to gain an unfair advantage in trade"
Foreign exchange analysts had broadly anticipated the U.S. Treasury designation for the two countries
The Treasury secretary nominee will make clear at a Senate confirmation hearing that the United States does not seek a weaker dollar
Gold prices fell on Thursday as US Treasury yields and the dollar rebounded, while investors awaited details on incoming US President Joe Biden's coronavirus stimulus proposal