Spot gold was up 0.9 percent at $1,543.60 per ounce by 0248 GMT, having risen as much as 2.8% earlier. The metal fell 3 percent on Friday. US gold futures rose 1.8 percent to $1,544.20 per ounce.
Stock rebound stalls as doubts about US stimulus package to fight coronavirus outbreak response grows
Many analysts say investors need to remain on guard for further market volatility because the coronavirus still poses a risk to public health in many countries, which could place additional strain on the global economy
Coronavirus outbreak: World Bank announces up to $12 billion in immediate funds for countries grappling with health, economic fallout
The coronavirus outbreak that has spread quickly from China to some 80 countries
Spot gold climbed 0.3 percent to $1,643.76 per ounce, having registered its biggest one-day percentage gain since 2016 on Tuesday.
Fed seen cutting rates amid virus threat, low inflation to cushion economy from effects of coronavirus
Unlike many other central banks, the Fed still has some room to cut interest rates, although officials there have said that they want to see a “material change” in the economic data before they take further action after cutting rates three times last year.
US stocks down, S&P 500 snaps 3-day streak after comments from Fed chair Jerome Powell dampen rate cut hopes
As Powell spoke, traders of US short-term interest rate futures began trimming bets the Fed will cut rates before the end of the year
FPIs net buyers in first half of March driven by positive global cues; invested Rs 20,418 cr in capital markets
In February as well, FPIs were net buyers as they had invested a net amount of Rs 11,182 crore in the capital markets
Fed gives banks more stress test information, unveils 2019 scenarios; exempts less complex lenders from drive
Thirty-four lenders passed the stress test last year, while Goldman Sachs and Morgan Stanley received conditional approvals that limited their capital distributions.
Federal Reserve Chairman Jerome Powell said he will not resign if asked to do so by President Donald Trump. Powell also said that the central bank intends to be flexible going forward in determining when to hike its key policy rate.
Sensex rallies over 300 points on positive global cues, Nifty reclaims 10,800; IT, metal, auto stocks rally
Sensex was trading 322.71 points, or 0.91 percent, higher at 35,972.65.
Donald Trump has largely laid the blame for economic headwinds on the Fed, openly criticizing its chairman, Jerome Powell, whom he appointed
Donald Trump asked Cabinet members if he can legally fire US Federal Reserve chair Jerome Powell: Reports
President Donald Trump has privately asked cabinet members if he has the authority to fire Fed Chair Jerome Powell after interest rates were increased and the stock market tanked
Donald Trump says Fed has gone crazy after Dow Industrial tumbles; terms downslide 'course correction'
In a brief interaction with reporters on Wednesday, when asked about the tumbling down of the stock market, Trump said he was not worried about it.
The Fed’s decision left its benchmark overnight lending rate in a range of 1.75 percent to 2.00 percent.
Fed should go slow on unwinding balance sheet to limit impact of dollar in emerging markets, says RBI governor Urjit Patel
Given the rapid rise in the size of the US deficit, he said, the Fed must respond by slowing plans to shrink its balance sheet
By picking Jerome Powell as Federal Reserve chief, Donald Trump set to undo another Barack Obama legacy
The 64-year-old Republican has echoed the administration's views on deregulation but is not seen as likely to tighten interest rates too quickly -- which Trump opposes.
Market rally decoded: Why once 'fragile' India is getting thumbs up from foreign institutional investors
India's financial markets are rallying and the country's bonds are in demand, offering some of the best inflation-adjusted returns in Asia.
The Fed "continues to expect that the evolution of the economy will warrant gradual increases in the federal funds rate over time," Yellen said
Oil prices hit one-month highs on Monday, gaining 10 percent or more in a three-day rally as speculation intensified over potential producer action to support prices amid a glut of crude
The U.S. Federal Reserve kept interest rates unchanged on Wednesday and said it was "closely monitoring" global economic and financial developments, signaling it had accounted for a stock market selloff but wasn't ready to abandon a plan to tighten monetary policy this year