us federal reserve meeting

Federal Reserve Governor Chris Waller is advocating for the central bank to signal that its next policy move might not be an interest rate cut, citing elevated inflation pressures. He proposes removing the "easing bias" language from policy statements, emphasizing a pause on rate changes for the near term while monitoring global developments.

Gold prices dropped to over a month's low as rising oil prices and Middle East tensions fueled investor anxiety, pushing them away from the safe-haven asset. Higher energy costs are also raising inflation concerns, increasing the likelihood of prolonged elevated interest rates from the US Federal Reserve.

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Will lead a central bank oriented toward reform, says new chair

Gold price prediction today: Given the geopolitical tensions and a possible change in the US Federal Reserve’s stance, gold prices are likely to see limited upside in the near term, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.

Gold prices are expected to remain steady this week, influenced by US-Iran talks and upcoming US economic data. Silver, however, may continue to outperform due to geopolitical tensions and high crude oil prices. Investors await signals on the Federal Reserve's next policy move amidst shifting statements from Washington and Tehran.

Sitharaman also pointed out that apart from higher crude oil prices, fertiliser prices have reached “unimaginable” levels, while elevated gold prices are creating challenges on the external sector front.

The Federation of Western India Cine Employees (FWICE) is set to decide on the escalating feud between Ranveer Singh and Excel Entertainment over Don 3. A crucial internal meeting will determine the film's future, following failed mediation attempts by the Producers Guild of India. FWICE aims for a justified decision to protect the industry from such disruptions.

The Indian rupee strengthened significantly against the US dollar, closing at 95.26, driven by positive global sentiment surrounding a potential US-Iran peace deal and easing West Asian tensions. RBI Governor's assurance of orderly forex market movements and positive remarks on the rupee's valuation also boosted confidence.

Filmmaker Sanjay Gupta publicly questioned FWICE's decision to ban Ranveer Singh over his 'Don 3' exit, arguing the ban ultimately deprives 300 workers of their livelihood. FWICE issued the directive after Farhan Akhtar claimed Ranveer's sudden departure caused losses of Rs 45 crore during the film's pre-production stage.

The Federation of Western India Cine Employees (FWICE) has issued a Non-Cooperation Directive (NCD) against Ranveer Singh over his alleged last-minute exit from Don 3, following a complaint by filmmaker Farhan Akhtar. Addressing the media, FWICE officials said the decision was taken due to the timing of the actor’s withdrawal, with producers allegedly having already spent around ₹45 crore on pre-production. The federation claimed repeated attempts were made to reach Ranveer before the directive was issued and said its members and allied unions would not work with him until the matter is resolved. FWICE, however, reiterated that it remains open to dialogue and an amicable resolution.

The Indian rupee hit an all-time low against the US dollar on Wednesday, pressured by soaring oil prices and rising US Treasury yields. Geopolitical tensions and potential global rate hikes further weakened emerging market currencies. Analysts warn of continued pressure on the rupee, with forecasts revised upwards. Reserve Bank of India interventions helped curb the decline.

Oil prices edged higher as supply disruption fears from the Iran conflict and falling US crude stockpiles emerged. Brent crude reached $105.83 and WTI $99.23, recovering from a sharp decline after US-Iran negotiation reports. Tensions around the Strait of Hormuz persist, impacting global shipments and forcing nations to tap reserves.

Asian markets rallied Friday, buoyed by hopes of US-Iran peace talks, though volatile oil prices and Strait of Hormuz concerns fueled inflation worries. Tokyo led gains as investor sentiment improved. Despite diplomatic optimism, rising crude prices prompted reassessment of global interest rate expectations, with the US Federal Reserve potentially hiking rates later this year.