Gold rally on weaker dollar may not last long; resistance seen at Rs 60100-60600 https://ift.tt/pefSZaR are seeing their concerns recede, but the risk of deposit outflows to money market funds could still slow lending, putting the economy at risk. There is no negative banking news and the perceived end of the Federal Reserve's tightening cycle has improved risk appetite, reducing financial stress. With an absence of negative banking news, gold prices will rely on US yields and the dollar index movements, which is a bearish consensus, leading to prices eventually dropping towards interim support levels.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
Comments
Post a Comment