Gold prices were under selling pressure last year after hitting an all-time of $2070 in 2022. Prices steadily declined after March 2022 as Fed started hiking interest rates and monetary tightening by central banks around the world, reducing gold’s appeal as an inflation hedge while raising the opportunity cost of holding the non-yielding asset. Gold prices were dominated by the interest rate in ...

Considering the global turmoil, the Indian economy is also facing tough challenges. Therefore, the forthcoming Union Budget should be innovative and surpass the landmark budget of 1991. While referring to the history of the past 75 years, the Indian economy has faced several turbulences and crises, but it could combat adversities and emerge with greater strength. Post-independence, India inherite...

LONDON — Embattled British Prime Minister Liz Truss axed her finance minister and a flagship policy Friday, in a bid to save her job after weeks of market panic stoked by her economic plan.Truss announced at a news conference that she would scrap a planned tax cut, the latest reversal in the face of mounting political and economic pressure.She added that she was "absolutely determined" to ca...

Amid a recent turmoil in markets, the Financial Stability Board on Monday said that it will propose global rules for the cryptocurrency sector. The FSB said the current turmoil has highlighted the need to make progress on regulating cryptocurrencies."The FSB will report to the G20 Finance Ministers and Central Bank Governors in October on regulatory and supervisory approaches to stablecoins and ot...

With consumer prices rising and the Federal Reserve raising interest rates strongly to combat inflation, the cryptocurrency market, like stocks and other assets, was hit hard on Saturday. On June 18, major cryptocurrencies were trading in the red, with the global crypto market worth $843.56 billion, down 6.50 per cent from the previous day. According to CoinMarketCap statistics, the global crypto ...