German companies are turning more pessimistic about the economy, according to the latest Ifo report, and this will add to calls for the ECB to loosen monetary policy sooner rather than later in 2024.
Central bank policy decisions and guidance help to stoke price action this week, while next week’s busy economic calendar could give markets a final pre-Christmas burst of volatility.
Gold regains sheen as pandemic dents economic recovery
April 24, 2021
Analysts expect prices to hit ₹50,000 per 10 gm in the next three months
After a dramatic fall, gold prices have recovered on expectations of the adverse impact of the second Covid wave that is ravaging economies across the world. The resurgence of Covid has come when the global economy was limping back to normalcy since late last year.
In Mumbai, spot gold prices jumped by ₹3,387 or 8 per cent on Friday to ₹47,615 per 10 gm against ₹44,228 in March-end. Analysts expect prices to hit ₹50,000 per 10 gm in the next three months as the surging inflation is set to pose fresh challenges to economic recovery.