Gold closed the week with a 1% loss at $1982.89, as US manufacturing and services expanded, sending yields up and the dollar stronger. Despite failing to push through at $2020, gold remains vulnerable in the short term. With the US Federal Reserve approaching a rate-hike pause, the eurozone and UK are expected to hike rates higher as inflation remains elevated. While gold’s safe haven attribute is not driving its present strength, sustained weak indicators, including declining retail sales, negative outlook data, and elevated jobless claims, may be supportive to the metal in the longer term.
Sebi proposes tighter curbs on promotional claims by online bond platforms
Sebi is tightening the reins on advertising practices for online bond platforms, aiming to protect investors from hasty decisions. New rules mandate that promotional content
August 22, 2026