Gold prices rebounded on Thursday, buoyed by a weaker U.S. dollar. However, elevated oil prices continue to fuel inflation concerns and expectations of prolonged higher interest rates. Global gold demand saw a 2% year-on-year increase in Q1 2026, driven by bar and coin purchases and central bank buying.Read More
The dollar strengthened as hawkish remarks from Federal Reserve policymakers pushed yields higher, leading traders to price out rate cuts this year. Meanwhile, the Japanese yen’s sharp decline against the dollar intensified focus on potential intervention risks amid ongoing geopolitical tensions and oil price spikes.Read More
Oil prices surged to their highest levels since mid-2022 amid growing concerns over a prolonged U.S. blockade on Iranian exports and stalled nuclear negotiations. This disruption, potentially extending until a broader deal is reached, is tightening supply conditions and could lead to further price increases.Read More
Bajaj Finance reported a robust consolidated net profit of ₹5,464.6 crore for Q4FY26, a 22% year-on-year increase driven by a 20% rise in net interest income and 22% AUM growth. In a separate announcement, Rajiv Bajaj will step down from the company’s board after the annual general meeting on July 30.Read More
The Federal Reserve kept interest rates unchanged. However, the decision revealed significant disagreements among officials. Three policymakers opposed the statement’s bias towards lowering borrowing costs. Inflation is a growing concern, partly due to rising global energy prices. This marks the most divided decision since 1992, setting the stage for new Fed Chair Kevin Warsh.Read More
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