Gold rallies on rate cut expectations amid US economy slowdown

May 19, 2024

Spot gold rose on Friday despite US inflation data, anticipating rate cuts amid a weakening US economy. US CPI and PPI Final demand were below forecasts. US Fed Chair Powell remains optimistic about inflation. US Philadelphia Fed business outlook was below expectations. Fed officials hold varying views on rate adjustments.

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India defies West Asia war concerns as Q4 GDP growth hits 7.8%; risks remain ahead

India’s economy surged by a better-than-expected 7.8% in the March quarter, exceeding forecasts and pushing FY26 growth to 7.7%. This robust performance was driven by

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Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutral

The Reserve Bank of India has introduced measures to boost foreign currency inflows, including incentives for external commercial borrowings and bearing hedging costs on FCNR(B)

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