Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates dim the non-yielding asset’s appeal. Meanwhile, the European Central Bank’s (ECB) chief economist backed a further rate increase at the ECB’s next meeting but said its size would depend on incoming data, especially a survey of euro zone banks.
ETMarkets Smart Talk | Bonds aren’t boring: Where Devang Shah sees the best fixed-income opportunities
At the same time, the RBI remains watchful of risks from geopolitics, crude oil prices and global monetary policy developments.