Strong Gains for Silver Locally and Globally as Rising Demand Strengthens Its Market Presence
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Strong Gains for Silver Locally and Globally as Rising Demand Strengthens Its Market Presence
Silver prices in the domestic market recorded a notable increase of 4% during last week’s trading, in parallel with a strong surge in global prices, as the ounce rose by about 11.11%. This rally was driven by U.S. economic data that came in weaker than expected, according to a report issued by the »»»
Copper retreats from record as investors await signals from Fed
Article contentCopper retreated from an all-time high as investors turned cautious before a United States Federal Reserve meeting that will be scrutinized for signs of a more hawkish stance by the bank’s policymakers. Article contentThe Fed is expected to deliver a quarter-point cut to interest rat»»»
Copper slips as US government shutdown, trade tensions weigh
Copper prices slipped on Thursday as U.S.-China trade tensions and the uncertainty created by the United States government shutdown weighed on sentiment, while the softer dollar provided some support. Benchmark copper HG1! on the London Metal Exchange was down 1.1% at $10,528 a metric ton in offici»»»
Japan-focused hedge funds drop 3.7%, biggest daily loss in Goldman Sachs' records
LONDON : Japan-focused hedge funds face the steepest daily performance losses on Goldman Sachs' records, the bank said in a note on Monday, following a global stock rout sparked by a soft U.S. jobs report and last week's Bank of Japan rate hike. Monday's 12 per cent slide in Japanese stocks led to »»»
NatWest sees Fed upping rate hike pace in March
LONDON, Feb 27 (Reuters) - British bank NatWest said it now expects the Federal Reserve to raise interest rates by 50 basis points at its March meeting following Friday's personal consumption expenditures (PCE) data for January. NatWest also expects 25-basis point hikes at the May and June meetings»»»
Goldman Sachs sees Fed rates peaking at 5% in March
London: Goldman Sachs Group Inc. economists said they now expect the US Federal Reserve to raise interest rates to 5 per cent, higher than previously predicted. The central bank will lift its benchmark rate to a range of 4.75 per cent to 5 per cent in March, 25 basis points more than earlier expect»»»
Goldman Sachs: markets have not reached "danger zone" levels yet
LONDON - High valuations and one of the strongest recoveries from a bear market in history have left equities vulnerable to a correction but the recent fall is not indicative that markets have reached "danger zone" levels yet, Goldman Sachs said in a note. "While it has not reached danger zone leve»»»
Fed to kick off faster tapering plan from January: Goldman Sachs
LONDON: The US Federal Reserve will likely double the pace of tapering its monthly bond purchases from January to $30 billion, and wind down its pandemic-era bond buying scheme by mid-March, Goldman Sachs strategists said in a daily note on Thursday. "The increased openness to accelerating the tape»»»
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