Gold prices are climbing, nearing an eighth consecutive weekly gain. Global uncertainty and anticipated US Federal Reserve rate cuts are driving demand for the precious metal. Investors are seeking safety amidst political turmoil in Japan and France, and a US government shutdown. This trend suggests continued strength for gold as a hedge against economic instability.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise