Gold buyers piling into exchange-traded funds are taking a pessimistic view of the US Federal Reserve’s ability to cool decades-high inflation without hurting the economy.
The possibility of a de facto EU embargo on Russian gas and threat of some curbs on crude in Europe’s next sanctions package bolstered both commodities.
Gold and various other commodities have fallen from recent highs. Concerns remain over threat of an inflationary shock to global economy as Federal Reserve prepares to raise interest rates.
Bullion is extending gains after posting biggest weekly advance since July 2020 amid concerns that the penalties against Russia could dim global growth & further stoke inflation.
Gold is holding above $1,800 an ounce after dropping for the first time in three years in 2021 as central banks globally started dialing back on pandemic-era stimulus.
As US tackles the hottest inflation since the 1980s, officials this month floated raising rates in March and the potential need to hike as many as five times this year.
Ten-year Treasuries had the worst start to a year in more than a decade, with yields rising 12 basis points Monday, the largest first-day jump since 2009.
The seizures were carried out at the premises of Trimurti Fragrance, Odochem Industries and a transport company called Ganpati Road Carriers, all based in Uttar Pradesh.
When reading the book, one can see Roy’s mother as a 'fascist government' unto herself, the centre of her own cult. In Arundhati’s words, Mary Roy was ‘mother guru’.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
China flaunted military might & modernisation as it displayed stealth drones, anti-satellite system & cyber warfare contingent during parade to mark victory over Japan in WWII.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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