top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen


22 Nov 2021

Gold Down by 0.26% as Dollar Strengthens; Inflation stays above 2%

The Index Today

Gold was down on Monday morning in Asia as dollar inched up. It was reported that concerns over the soaring numbers of COVID-19 cases in Europe helped cap some losses for gold.

Gold futures were seen down by 0.26% to $1,846.80 by 11:15 PM ET (4:17 AM GMT). The dollar, which normally moves inversely to gold, inched up on Monday.

According to the reports from, the central bank front, Bundesbank president Jens Weidmann on Friday warned that inflation could stay above 2% for some time, and the European Central Bank should avoid any commitment to keeping the money taps open. In an indication of sentiment, SPDR Gold Trust said its holdings rose 0.8% to 985 tons on Friday from 976.87 tons on Thursday. Demand for physical gold in major Asian hubs decreased during the previous week. However, dealers in India are looking to the upcoming wedding season for an uptick.

In other precious metals, silver inched down 0.1%, platinum eased 0.6% to $1,025.33 and palladium fell 0.7%.


Clay pottery with table linens
bottom of page