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Market move● Neutral for Indian equities
Gold is supposed to be a safe haven when inflation surges. So why isn’t it working that way now?
The brief
- Gold has not acted as a safe haven during September’s market weakness, despite inflation concerns
- RBI MPC meet: Why your borrowing costs may go up from October
- US PCE inflation rises 0.3% in August as consumer spending surges
- Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
- Dollar Powers to Best Month Since June on Fed’s Inflation Fight
- BoE's Taylor says energy prices alone do not justify rate hikes