US Federal Reserve hikes policy rate by 25 bps

The United States Federal Reserve has increased the policy rate by 25 basis points, resulting in a new range of 4.75% to 5%.

S.Korean currency tumbles against US$

Seoul/UNI: South Korean won tumbled on Monday as hawkish comments made by US Federal Reserve Chair Jerome Powell led to a strong US dollar.

Fed on way to bigger action as inflation soars in US

Washington: Amid soaring inflation, the US Federal Reserve is likely to hike key policy rates to help mitigate price increases that are showing no signs of cooling, media reports said.

Now is the Perfect Time to Buy Gold – Here’s Why

Gold is historically viewed as an investment hedge that stays strong even as inflation ravages the economy. Most investors think of it as an insurance policy when bad times roll, as fiat currency and other assets waver in difficult times. The current geopolitical climate has only consolidated the status of gold as a robust safe haven asset.