Gold Prices Steadied Above A Major Support Level On Monday As Growing Risks Of An Economic Recession Spurred Some Safe Haven Demand For The Yellow Metal. Prices also recovered marginally from a bruising September, where they dropped 3%. Bullion prices marked their worst quarter since March 2021 with a 7.5% drop Spot gold rose 0.2% to $1,663.99 an ounce, while gold futures were flat around $1,672 an ounce by 20:31 ET (00:31 GMT). Prices of…
By Administrator_India Capital Sands President Joe Biden announced a framework to invest $555 billion in funding on clean energy programs he thinks can win approval from Congress, with investments in renewable power, electric vehicles and resilience. If Congressional Democrats go along, the plan, part of a $1.75-trillion tax and spending blueprint, would represent a historic investment in fighting climate change that President Joe Biden can tout to world leaders at the high-stakes United Nations climate summit opening Sunday. The…
"US President Joe Biden unveils plan to invest $555 bn on green energy" By Administrator_India Capital Sands The world markets were waiting with bated breath for the announcement of the non-farm payroll data from the US. The data was thought to be a critical input for the US Federal Reserve to make up its mind if it was time to reduce the large amount of bond-buying being undertaken every month. The Jackson Hole commentary of Fed Chair Jerome Powell indicated a broad agreement that the US economy had…
"US Fed tapering impact on India unlikely to be as heavy as in 2013"
