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.
Indians see West Asia as one uninterrupted wash of Islam, but the reality is more complex. For the Druze, support from Israel—where they are a recognised minority—is now critical.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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