Gold inches higher on stimulus hopes, virus concerns

Gold prices edged higher on Wednesday supported by hopes of more U.S. stimulus measures as surging COVID-19 cases threaten to hamper economic recovery, although optimism over vaccine developments limited gains. FUNDAMENTALS Spot gold rose 0.2%…

Shadow banks are riding out the crisis while…

By Divya Patil and Anil PooniaThe health of India’s shadow banks remained resilient in August, suggesting that record stimulus steps by the nation’s authorities are helping the crisis-hit sector ride out the pandemic. Premiums on…

Oil prices broadly stable as stimulus hopes balance…

NEW YORK: Oil prices were broadly stable on Friday in early U.S. trading, as expectations of more economic stimulus programmes balanced concerns about the recovery in fuel demand as coronavirus cases surge and major crude-producing…

Gold prices steady near $1,800 on virus fears,…

Gold steadied near the psychological level of $ 1,800 on Friday after a sharp fall in the previous session, as worries over surging coronavirus cases and US-China tensions underpinned its safe-haven appeal, although a stronger…

Virus boosts digital payments in India where cash…

By Vrishti Beniwal and Suvashree GhoshThe coronavirus outbreak may finally accomplish what India’s shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab…