Gold bond turns Rs 1L investment into Rs 3.33L
We haven't written up this one. The Economic Times has the full story — the link below goes straight to it.
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China's yuan firms to near 3-1/2-year-high on exports, inflation data
HONG KONG: China’s yuan rose against the US dollar on Wednesday, hovering near a 3-1/2-year peak as better-than-expected inflation data and quicker export growth buoyed the currency.
Japan shorter-end yields fall as stronger yen dims rate hike bets
TOKYO: Yields on shorter-dated Japanese government bonds fell on Wednesday, as the stronger yen dimmed bets on the Bank of Japan’s aggressive rate hikes. The two-year yield, most sensitive to the BOJ’s policy, fell 1 basis point to 1.835%. The five-year yield fell 1.5 bps to 2.22%. Yields move inversely to bond prices.
Japanese Yen: Focus on strength and BoJ path – MUFG
MUFG’s Michael Wan highlights ongoing strength in the Japanese Yen, with recent USD/JPY volatility seeing the pair drop toward 152.88 before stabilizing near 153.26.
Gold futures rise to ₹1.52 lakh/10 gm on firm spot demand
On MCX, the yellow metal contract for the October delivery traded higher by ₹190, or 0.12%, at ₹1,52,769 per 10 grams in a business turnover of 635 lots.