The latest move in gold prices has exposed an important shift in gold positioning at the ETF level. Specifically, the latest collapse in gold ETF holdings stands in sharp contrast in assumption that ETF positions were driven by longer-term allocation rather than short-term trading.
The Indian rupee appreciated for the second straight day on likely overseas funds inflow into local stocks, while bond yields dropped to fresh six-week low tracking a sharp fall in US Treasury yields, dealers said
The Indian rupee appreciated for the second straight day on likely overseas funds inflow into local stocks, while bond yields dropped to fresh six-week low tracking a sharp fall in US Treasury yields, dealers said
Worries of global liquidities getting dried out if the US Fed rolls back its bond buying programme and the inaction by the Bank of Japan last week to stabilize its bond market caused sell off in global equities during the beginning of the week.
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