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Market move▼ Bearish for Indian equities
Mounting rate hike bets keep weekly loss in sight for gold
The brief
- Gold is set for a weekly decline of 2.1%
- Inflation worries and rising US Treasury yields weighed on prices
- Higher US yields may pressure gold prices, affecting Indian gold-linked funds and jewellery stocks
- Oil price rise puts more pressure on government bonds
- Macro headwinds, rising input costs impact FMCG volumes in June quarter: NIQ
- AC prices set to rise 5-8% from Oct 1, hikes also loom for LED TV, washing machine, refrigerator
- The 10-year Treasury yield is at its highest in nearly two decades. How we got here
- Cost-of-living frustration undermines Lula’s reelection bid in Brazil