Investors await major speech from Powell for clarity on path for interest rates
Investors expect a 25-basis-point rate cut in September amid mixed signals from rising inflation and a slowing labor market, complicating Fed policy decisions, analysts say.
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Gold Price Below Rs 1,00,000; Eyes On Powell For Rate Cut Clues — Check Rates
Gold prices continued to fall on Wednesday possibilities of trilateral peace talks between Russia, Ukraine and the US. Today the prices are below the Rs 1,00,000 mark in India. On the global front, investors are eyeing Fed Chair Jerome Powell's speech for any clues on a possible rate cut. This, paired with the de-escalation of geo-political tensions, will bring down the safe-haven demand of the commodity further.
There was some dispersion in government bond interest rates depending on the region on Tuesday.
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Total News Sources7
Leaning Left0Leaning Right2Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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