Monetary policy

Gerry Rice, Director of Communications Department at IMF, told the press at an online conference that the Washington-based global financial institution supports the Indian government's responses to the coronavirus pandemic including fiscal stimulus with a focus on low-income workers and households. The international organisation supports the monetary easing and liquidity and regulatory measures for the financial sector and borrowers that have taken place. … [Read more...] about India needs fresh fiscal stimulus to tide over COVID-19 crisis, says IMF

"Gold has become the go-to asset for investors in times of uncertainty. It has been on a ride with absolute returns of 40 percent year-to-date. Low yields in the US treasuries, low-interest rates and massive amount of liquidity pushed by major central banks across the globe has resulted in euphoria for the yellow metal," Prathamesh Mallya, AVP- Research, Non-Agri Commodities and Currencies at Angel Broking said. … [Read more...] about Increase in LTV ratio negative for gold loan financing firms, but good for banks: Experts

The story for copper remains intact currently given that Chinese demand is picking up and niggling supply risks (Strikes in northern Chile) still remain, which would keep prices higher at least for a little while longer. However the reflation trade, at least in the US, seems to have a hit a wall, with investors uncertain about policy and administration under Mr. Trump. We expect the prices to hit a consolidation phase or even tend slightly lower, to digest the rise in the last two months but over the longer term, we remain firmly bullish on Copper. … [Read more...] about Copper shines in reflation trade

Gold steadied near a one-week high on Thursday as the dollar weakened, but the yellow metal traded in a narrow $8 range as investors held back from making large bets ahead of the European Central Bank's monetary policy decision due later in the day. … [Read more...] about Gold at one-week high as weak dollar supports; ECB meet in focus

The dollar jumped to a near one-month high, as the pound dropped to a six-week low on renewed worries about Brexit and as risk appetite waned. A stronger greenback makes gold more expensive for holders of other currencies. … [Read more...] about Gold flat as dollar strength counters safe-haven demand