Tag: Cuts
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Silver Falls On Profit-Taking Post Price Surge On Anticipation Of Fed Rate Cuts.
[ad_1] experienced a decline of -0.91% yesterday, closing at 74959, attributed to profit booking following earlier gains spurred by expectations of impending interest rate cuts by the US Federal Reserve. Economic indicators revealed a rise in weekly claims to 218K, surpassing estimates of 210K. Additionally, the core PCE index dropped to 3.2% in November from…
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Gold prices cross $2,060 as soft inflation heralds 2024 rate cuts
[ad_1] Investing.com– Gold prices rose in low-volume Asian trade on Tuesday, breaking out of a trading range seen through most of December as soft U.S. inflation data fueled more bets on early interest rate cuts in 2024. The yellow metal saw a strong run of gains in recent sessions, following a weaker-than-expected reading on the…
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Gold steadied on expectations of rate cuts by the Federal Reserve in 2024
[ad_1] prices experienced a marginal decline of -0.1%, settling at 62415, primarily influenced by the prevailing expectations of rate cuts by the Federal Reserve in 2024. The prospect of a shift in the Fed’s stance, supported by recent bearish remarks from several Fed officials, is heightening the likelihood of early interest rate cuts in March.…
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Gold prices hit record high on bets of early Fed rate cuts
[ad_1] Investing.com — Gold prices touched an all-time high on Monday, but later pared back some of these gains, as traders bet on the potential for a Federal Reserve interest rate cut next year. By 07:26 ET (12:26 GMT), was mostly unchanged at $2,071.29 a troy ounce, retreating slightly from an earlier rally that had lifted…
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Oil prices in 6th weekly side as bears sharpen claws after OPEC+ cuts fall short
[ad_1] Investing.com — Oil prices fell for a sixth-straight week Friday, as voluntary output cut agreements from major oil producers that fell short expectations continued to keep worries about oversupply front and centre. By 14:30 ET (19.30 GMT), the futures settled 2.5% lower at $74.07 a barrel, and the contract dropped 2.5% to $78.88 a barrel. Both…
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Oil prices settle higher amid dent in dollar, potential OPEC+ output cuts
[ad_1] Investing.com — Oil prices rose Tuesday as a weaker dollar and optimism that major oil producers could extend ongoing production cuts at the OPEC+ meeting later this week boosted sentiment. By 14:30 ET (19.30 GMT), the futures settled 2.1% higher at $76.41 a barrel and the contract climbed 2.1% to $81.52 a barrel. OPEC+…
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Oil prices start week on front foot amid hopes OPEC+ to deepen output cuts
[ad_1] Investing.com — Oil prices rallied on Monday, rising a wave optimism that major oil producers could discuss deepening output cuts when they meet later this month. By 14:30 ET (19:30) GMT, the futures settled 2.3% higher at $77.60 a barrel, while the contract climbed 2.1% to $82.32 a barrel. Another cut to global supply? …
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India cuts crude imports from Russia, buys more from Saudi in Oct
[ad_1] New Delhi, Nov 1 (IANS) India’s imports from Russia fell by more than 4 pe rcent in October compared to September, according to figures compiled by energy cargo tracker Vortexa.India imported 1.55 million barrels per day (bpd) of crude oil from Russia in October down from 1.62 million bpd in September. However, Russia continues…
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first direct cuts rates across all fixed rate mortgages to remain ‘competitive’ | Personal Finance | Finance
[ad_1] Online bank, first direct, has reduced rates across its entire range of two, three, five and ten-year mortgages by up to 0.2 percent, bringing some deals below five percent. The bank’s lowest-priced mortgage is now the Five Year Fixed Standard at 60 percent Loan To Value (LTV), available for both new customers and switchers, at…
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Domestic Crude: Govt hikes windfall tax on domestic crude, cuts levy on export of diesel, ATF
[ad_1] NEW DELHI: The government on Friday hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30.In the last fortnightly review on September 15, windfall tax on domestically produced crude oil was set at Rs 10,000 per tonne.Besides, the SAED or duty on export of diesel…