Gold held steady on Tuesday as safe-haven demand spurred by the possibility of new sanctions on Russia countered a rise in US Treasury yields and expectations of interest rate hikes by Federal Reserve
Twitter extends gains on plans to name Elon Musk to board; investors now see nearly 81% odds of a 50 basis points rate hike at the Fed's meeting in May
The Sensex rose 708.2 points, or 1.2 per cent, to end at 59,277 - the highest closing level since February 2
The Fed last month raised its policy interest rate by 25 basis points, the first hike in more than three years.
India's big business groups owned by families continue to steal a march over their bigger rivals. More on this is our top headlines.
Estimated at Rs 8.45 trn; full-year borrowing likely at Rs 14.31 trn
The current yield inversion has more to do with the temporary demand-supply mismatch in the bond market and doesn't necessarily signal a recession in the US
The March 21-31 survey captured this defensive strategy many fund managers adopted after the Russia-Ukraine war broke out
The Reserve Bank of India has confounded market expectations with its accommodative policy even as inflation breached its 6% limit for two months
Here are the best of BS Opinion pieces of the day
Shorter maturities have been selling off faster than their longer-dated peers this year as investors ratchet up expectations the Fed will hike rates to combat inflation
We may need to be prepared for greater volatility in asset markets and no Fed riding to the rescue to save markets
The broader dollar index took a breather on Friday but was on track for a small weekly gain
Weekly initial jobless claims fell to a seasonally adjusted 187,000 last week, the lowest level since September 1969 and below the 212,000 forecast
Spot gold was flat at $1,943.33 per ounce by 0740 GMT. U.S. gold futures were up 0.3% at $1,942.40
Equity markets were volatile, struggling to make gains in the Asian session, after more hawkish comments from the U.S. Federal Reserve made investors more cautious
On its part, the US has been battling a spike in inflation that hit 7.9 per cent in February - a four-decade high. The CPI has not been the highest since January 1982, when it hit 8.4 per cent
Foreign portfolio investors exited India in droves and have sold stocks since October 2021 amid fears of an earlier and faster-than-expected rate hike by the US Federal Reserve (US Fed)
Earlier in January, Goldman Sachs had raised their 12-month gold price forecast to $2150 an ounce on the view that an impending US growth slowdown would lead to increased concerns of a US recession
Benchmark U.S. 10-year Treasury yields jumped to fresh highs since May 2019