Question

Find an article, or web report regarding what is currently going on with the Federal Reserve Bank or any other central bank around the globe. Summarize the article related to what you have been reading about this topic.  Include the link to the original content when you post your reply.

Answer 1

Ans.
The prices of gold are being steadied in the earlier trade. On Thursday there was softer progress on the dollar on the COVID relief package which is a result of a countered pressure from the upbeat payrolls data of the U.S. The index for dollar trembled in one week as it hit low in the previous session. The U.S. gold figures down 0.2% at $1,890.90.
The secretary of the U.S. Treasury Steven Mnuchin with House Speaker Nancy Pelosi said that they had made progress on the COVID 19 relief legislation. The House of Representatives had postponed a vote on $ 2.2 trillion plan for allowing more time for a bipartisan deal to come together.
Gold has been seen as a fence against inflation with 24% gain this year, along with the support of monetary stimulus from the governments and central banks.
The latest data have shown an increase in hiring of U.S. private employers. Whereas, the other one showed U.S. GDP plunging at 31.4%.
The president of European Central Bank Christine Lagarde said on Wednesday for a change on the strategy which can align the ECB with U.S. Federal Reserve.
Silver experienced a rise of 0.2% to &23.25 per ounce, whereas platinum rose 0.4% to & 891.95 and the rates of palladium rose with 0.2% to $2,309.07.
The link for the article is - https://m.economictimes.com/markets/commodities/news/gold-steady-as-softer-dollar-stimulus-hopes-lend-support/articleshow/78418363.cms