CommodityFeaturedGold poised for weekly gain ahead of potential US Federal Reserve rate cutIFM CorrespondentDecember 18, 2024December 18, 2024 by IFM CorrespondentDecember 18, 2024December 18, 2024 The spot price of gold decreased by 0.4% to USD 2,671.39 per ounce, as the US dollar neared its highest point in over two weeks... Read more
BankingFeaturedIf Insights: Will UK cut its interest rate ahead of US?IFM CorrespondentApril 25, 2024April 24, 2024 by IFM CorrespondentApril 25, 2024April 24, 2024 The United Kingdom's March inflation report confirmed investor confidence that the BoE's policymakers, will choose to reduce interest rates early in 2024 to accelerate economic development... Read more
CommodityFeaturedGold attracts investors as US debt ceiling stalemate continuesIFM CorrespondentJune 2, 2023 by IFM CorrespondentJune 2, 2023 Spot gold was up 0.1% at USD 1,978.06 per ounce, while US gold futures were down 0.1% at USD 1,979.40... Read more
EconomyFeaturedUS Fed raises interest rate by 0.75 percentage-point, highest since 1994IFM CorrespondentJune 16, 2022 by IFM CorrespondentJune 16, 2022 The decision comes in the backdrop of consumer price inflation hitting 8.6% in May, the highest since 1981.... Read more