Core inflation trend cools as energy lifts headline – RBC

Core inflation trend cools as energy lifts headline – RBC

Royal Bank of Canada (RBC) economist Abbey Xu notes that Canadian headline Consumer Price Index (CPI) rose to 2.4% year-over-year, mainly on higher energy prices linked to conflict in the Middle East and tax distortions. However, Bank of Canada (BoC) core measures, including CPI-trim and CPI-median, show easing underlying inflation. Xu argues this gives the […]

XAG/USD holds below $80 as hopes of US-Iran peace wane

XAG/USD holds below  as hopes of US-Iran peace wane

Silver (XAG/USD) has retreated nearly $4 from the monthly high right above $83.00 hit last Friday, as the precious metal consolidates immediately below the $80.00 level, with investors returning to the safe-haven US Dollar (USD), with the Middle East peace process under pressure.  A spokesperson from the Iranian foreign ministry affirmed earlier on Monday that […]

Indian Rupee declines amid uncertainty over US-Iran peace talks

Indian Rupee declines amid uncertainty over US-Iran peace talks

The Indian Rupee (INR) trades lower against the US Dollar (USD) at the start of the week. The USD/INR jumps to near 93.00 as renewed tensions between the United States (US) and Iran have lifted the oil prices and offered support to the US Dollar (USD). Hormuz closure boosts oil prices WTI Oil prices trade […]

Gold price in India: Rates on April 20

Gold price in India: Rates on April 20

Gold prices fell in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 14,338.81 Indian Rupees (INR) per gram, down compared with the INR 14,461.07 it cost on Friday. The price for Gold decreased to INR 167,244.20 per tola from INR 168,670.10 per tola on friday. Unit measure Gold […]