Bond St lights up with FPI money, more to flow in after Fed rate cut

Bond St lights up with FPI money, more to flow in after Fed rate cut

Foreign ownership of Indian government bonds has accelerated through August as decision-influencing US data and Federal Reserve commentary point toward a rate cut later this month, but are not alarming by themselves to trigger a risk-off sentiment on Wall Street and dent financial assets in the world’s fastest-expanding major economy. From July 31 to August … Read more

Gold tumbles on solid US nonfarm payroll report, China slowing down gold buying

Gold tumbles on solid US nonfarm payroll report, China slowing down gold buying

Buoyed by rate cut expectations after the Bank of Canada and the European Central Bank (ECB) cut rates earlier this week, spot gold rose to $2,387 on Friday, the highest level since May 22. However, the metal crashed on a robust US nonfarm payroll report. Spot gold closed with a loss of 3.49% at $2,294 … Read more