Updated Mar 17, 2021 | 11:21 IST
Gold, silver price today: In the international market, spot gold was up 0.21% at $1,734 per ounce, having touched a high of $1,740.90 since March 1. Representational image
New Delhi: Gold, silver prices today rose in India following positive global trend as the yellow metal moved to a two-week high in the international market ahead of the US Federal Reserve s two-day policy meet outcome. On MCX, Gold April futures traded 0.38% higher at Rs 44,985 per 10 grams as compared to previous closing price of Rs 44,813. MCX Silver futures for May delivery edged up by 0.03% to Rs 66,936. Silver touched an intraday high of Rs 67,052.
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WASHINGTON (Reuters) - The U.S. economy is heading for its strongest growth in nearly 40 years, the Federal Reserve said on Wednesday, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation.
“Strong data are ahead of us,” a confident Fed Chair Jerome Powell said after a two-day policy meeting, ticking off the list of forces Fed officials expect will produce 6.5% GDP growth this year - from massive federal fiscal stimulus to optimism around the success of coronavirus vaccines.
“The (stimulus) checks are going out . COVID cases are coming down. Vaccination is moving quickly,” Powell said, marking a moment in which a body of top U.S. economic officials expect growth in the United States to rival that of China this year, not to mention surging quickly beyond that of Europe and Japan.
Wednesday, 17 Mar 2021 09:20 PM MYT
The US dollar firmed today with 10-year Treasury yields hitting fresh 13-month highs ahead of a Federal Reserve policy meeting which could shed some light on the timing of future rate hikes and the central bank’s tolerance for rising yields. Picture by Hari Anggara
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LONDON, March 17 The US dollar firmed today with 10-year Treasury yields hitting fresh 13-month highs ahead of a Federal Reserve policy meeting which could shed some light on the timing of future rate hikes and the central bank’s tolerance for rising yields.
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WASHINGTON (Reuters) - The U.S. economy is heading for its strongest growth in nearly 40 years, the Federal Reserve said on Wednesday, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation.
“Strong data are ahead of us,” a confident Fed Chair Jerome Powell said after a two-day policy meeting, ticking off the list of forces Fed officials expect will produce 6.5% GDP growth this year - from massive federal fiscal stimulus to optimism around the success of coronavirus vaccines.
“The (stimulus) checks are going out . COVID cases are coming down. Vaccination is moving quickly,” Powell said, marking a moment in which a body of top U.S. economic officials expect growth in the United States to rival that of China this year, not to mention surging quickly beyond that of Europe and Japan.