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The monsoon is moving into central India, and significant rainfall is expected in these states After enduring a 16-hour flight, Virat Kohli has arrived and will be taking some well-deserved rest at Team India’s hotel in New York Flooding in Manipur claims 4 lives, injures 13, and impacts over one hundred thousand individuals Netflix may be reconsidering its commitment to Harry and Meghan Markle as they undergo a reevaluation of their content strategy A video of a frightening incident has gone viral, showing an engine on a United Airlines flight catching fire during takeoff at Chicago airport
RSS Gold News
  • Equity Rally and Profit-Taking Lead to 1% Drop in Gold Prices
    Gold prices dropped over 1% on Monday due to increased risk appetite in the equity markets and profit-taking by investors following a sharp rally. Spot gold fell to $2,357.88 per ounce, while U.S. gold futures settled at $2,363.50. The decline comes after gold reached its highest level since May 22 on Friday, driven by expectations […]
  • Bitcoin Faces Pressure but Rebound Hopes Remain, Says Grayscale Analyst
    Bitcoin has experienced a significant drop of over 10% in the past week, falling from around $63,000 to just under $54,000. Despite this decline, Grayscale's Head of Research, Zach Pandl, suggests that a rebound may still be possible. Factors influencing Bitcoin's price include Germany's ongoing sale of seized Bitcoin, which continues to exert downward pressure, […]
  • Powell to Defend Fed's 'Higher-for-Longer' Rate Policy in Congressional Testimony
    Federal Reserve Chair Jerome Powell is set to testify before Congress this week, facing pressure from lawmakers on multiple fronts. He will likely defend the Fed's stance on maintaining high interest rates to combat inflation, despite growing impatience for rate cuts. Powell will also address concerns about the Fed's plan to increase capital requirements for […]
  • 12 Nations Leading the Charge Seeking Dollar Alternatives
    The International Monetary Fund (IMF) reports a gradual decline in the US dollar's share of global foreign reserves as numerous countries, particularly those in the ASEAN and BRICS alliances, adopt 'de-dollarization' strategies. These nations are moving away from the US dollar in favor of alternative currencies for various political, economic, and geographical reasons. The article […]
  • Fed Could Slash Rates by 200 Points Over 8 Meetings, Citi Analysts Predict
    Citi Research analysts predict an aggressive series of interest rate cuts by the Federal Reserve, starting in September 2024 and continuing through July 2025. They anticipate eight consecutive 25 basis point cuts, totaling a 200 basis point reduction, which would lower the benchmark rate from 5.25%-5.5% to 3.25%-3.5%. This forecast is based on recent economic […]
  • June Inflation Report: A Potential Game-Changer for Fed Policy and Markets
    The upcoming U.S. inflation report for June, set to be released on Thursday, is poised to be a pivotal event for financial markets. This report could significantly influence the Federal Reserve's decision on interest rate cuts, potentially impacting the timing of the first cut. A lower-than-expected inflation reading might encourage Fed Chair Jerome Powell to […]
  • Wall Street's Most Bearish Strategist Predicts 32% Stock Market Plunge by 2025
    BCA Research's chief global strategist, Peter Berezin, predicts a 32% drop in the S&P 500 by 2025 due to an impending U.S. recession. Berezin argues that the Federal Reserve's delayed approach to cutting interest rates will fail to prevent an economic downturn, which he expects to begin in late 2024 or early 2025. This bearish […]
  • U.S. Consumer Debt Hits $17.1 Trillion
    Consumer debt in the United States has continued to rise, reaching $17.1 trillion in 2023, up from $16.38 trillion in 2022, according to an Experian study. This trend persists across all regions and generations, despite a brief decrease during the COVID-19 pandemic. However, experts like Joseph Mayans from Experian suggest that when adjusted for recent […]
  • India's Central Bank Makes Largest Gold Purchase in Two Years, Boosting Reserves
    India's central bank has significantly increased its gold reserves in June, adding over nine tons, which marks the largest addition in nearly two years according to World Gold Council analyst Krishan Gopaul. This brings India's total gold reserves to 841 tons, reflecting a 37-ton increase in 2024. The substantial purchase aligns with a broader trend […]
  • Mixed Central Bank Buying Patterns Keep Gold Market on Edge
    Gold prices have retreated slightly after a strong weekly rally, with the market focusing on central bank purchasing activities. While the People's Bank of China paused its gold buying for a second consecutive month, India and Poland have added to their reserves. Despite this mixed signal, gold remains near $2,375 an ounce, supported by long-term […]

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India

The monsoon is moving into central India, and significant rainfall is expected in these states

Jun 8, 2024 Yuvi Singh
SPORTS

After enduring a 16-hour flight, Virat Kohli has arrived and will be taking some well-deserved rest at Team India’s hotel in New York

Jun 1, 2024 Yuvi Singh
India

Flooding in Manipur claims 4 lives, injures 13, and impacts over one hundred thousand individuals

Jun 1, 2024 Yuvi Singh
Uncategorized

Netflix may be reconsidering its commitment to Harry and Meghan Markle as they undergo a reevaluation of their content strategy

May 30, 2024 Yuvi Singh