According to the recent research, there are over 80% of people would be motivated to exercise if incentivized by crypto...

Cryptocurrency

Recent Study Reveals That Crypto Motivates People to Exercise

On Friday, Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a devastating economic...

Economy

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

ASML, a semiconductor industry and stock market giant, might have to think smaller. Or maybe bigger. Currently, it is building machines...

Technology

Computer chip giant ASML places big bets on a tiny future

Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France and Italy - the G7, agreed on...

Economy

Money for Ukraine Priority in G7 Agenda; Inflation, Food a Concern

An auto safety agency in the U.S. said on Wednesday that it has opened an investigation into a fatal crash involving a Tesla...

Stock Markets

U.S. Agency opens investigation involving Tesla due to 14 Crash Deaths

Commodities

4 Oct 2021

Gold Rises to Two-Weak Peak; Dollar Weakens

Gold Rises to Two-Weak Peak; Dollar Weakens

The Index Today

Gold went up in Asian markets on Monday after seeing a two-week rise along with a weak dollar and growing fears of Fed asset tapering. Gold futures climbed up 0.15% to $1,761 whereas the dollar went down to its lowest level since September 29.

The Fed meeting will decide on inflation rates and whether or not raising interest rates will occur soon. Patrick Harker President at Philadelphia Fed Bank said it may take over a year or more before the central bank opts for an interest rate hike.

Investors around the world are awaiting central policy decisions from Reserve Bank of Australia, Reserve Bank of New Zealand and India. SPDR Gold Trust saw its holdings fall 0.4% to 986.54 tons whereas the U.S Commodity Futures Trading Commission data revealed showed a cut of net long positions by 19,471 contracts to 42,123 this week.