Express News | The Indian government has adjusted import duties on gold and silver.

Breakings11minutes ago

What does the April CPI imply? 'New Fed Wire': Rate cuts are no longer a 2026 story, and Kevin Warsh is in trouble.

Nick Timiraos believes that the April CPI will not alter the fundamental stance of hawks or doves within the Federal Reserve, but if subsequent data continues in this vein, the doves will find themselves in a more difficult position. Future discussions within the Fed will largely hinge on whether fuel and commodity shipments in the Persian Gulf can return to normal. Should disruptions persist, it will become increasingly challenging to marginalize the topic of interest rate hikes in internal deliberations. Analysts note that traders are increasingly inclined to believe that the Fed may not cut interest rates at all this year, and if they do, such action is more likely to be delayed until later in the year. Some institutions have begun discussing the potential need for further rate hikes.

wallstreetcn32minutes ago

UBS Group continues to be bullish on gold, citing multiple supportive factors. Gold prices are still expected to hit new highs within the year.

Teves pointed out that the factors driving this rise in gold prices remain stable—primarily supported by expanding demand from private investors and central banks. Amid increasing macroeconomic and geopolitical uncertainties, gold is gradually becoming a core component of investment portfolios.

cls.cnMay 12 14:51

The UAE involved in the conflict? Reports claim it secretly attacked Iran, hitting an oil refinery on an island in the Persian Gulf in April.

According to reports, the UAE has long attempted to maintain a relatively balanced position between Iran and the West. However, as Iran's ongoing missile and drone attacks on the UAE territory continue to impact key industries such as aviation, tourism, and real estate, the UAE government’s stance has shifted, increasingly favoring the use of its advanced military capabilities to directly counter the Iranian threat. Following the report, crude oil prices extended their gains, with West Texas Intermediate (WTI) climbing towards $99 per barrel.

wallstreetcnMay 12 05:27

Express News | According to the Wall Street Journal, sources reported that the UAE had previously carried out a military strike against Iran. The UAE’s attack included an assault on an oil refinery located on Iran's Lavan Island. The UAE has not publicly acknowledged it

BreakingsMay 12 04:12

Rupee in Crisis: India Quietly Plans Foreign Exchange Defense, Gold Purchase Restrictions May Be the First Step

Impacted by the war in Iran, India is facing significant foreign exchange pressure, with the rupee depreciating 5.6% against the US dollar year-to-date and foreign exchange reserves dropping to USD 690.7 billion. Prime Minister Modi has called on the public to stop purchasing gold, limit outbound tourism, use public transportation, and work from home. The government is studying several emergency measures, including restricting non-essential imports, raising fuel prices, and tightening regulations on foreign exchange withdrawals, to protect foreign exchange reserves and alleviate pressures on the current account deficit.

wallstreetcnMay 12 00:50