Gold extends gains on surprise Fed rate cut

By Administrator_India Capital Sands Gold prices rose on Wednesday, after surging more than 3% in the previous session as the U.S. Federal Reserve cut interest rates to help soften the economic blow from the coronavirus outbreak. Spot gold climbed 0.3% to $1,644.97 an ounce, having registered its biggest one-day percentage gain since 2016 in the […]

U.S. crude falls below $30 as Fed move fails to calm markets Oil bounces from multi-year lows as hopes of OPEC+ cut, stimulus offset virus impact

By Administrator_India Capital Sands Oil prices pared losses after earlier hitting multi-year lows on Monday as hopes that a bigger than expected production cut from OPEC and stimulus from central banks could offset economic gloom from the coronavirus outbreak. Brent crude was at $50.32 a barrel, up 65 cents, or 1.3%, after earlier dropping to […]

Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus

By Ritu, Capital Sands Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed on Friday. The European Union’s statistics office Eurostat said GDP in the 19 […]