[ad_1] Gold fell slightly on Tuesday as a recovery in US Treasury yields from last week’s one-month low dampened the appeal of non-yielding bullion, with a stronger dollar accumulating. fundamentals * Spot gold was down 0.1% at $1,807.93 an ounce as of 0101 GMT. US gold futures rose 0.4% to $1,808.50. * Trading resumed on Monday after a weekend extended from the Independence Day holiday, with benchmark US 10-year Treasury yields firming up, weighing bullion prices. [US/] * The fall in gold prices in the previous session was on prospects…
Tag: bond
Banks: Banks may seek exemption to amortize MTM losses on bond holdings in Q1
[ad_1] MUMBAI: Amid falling bond prices, hike in off-cycle rates in May and huge valuation losses, the high road banks They are caught in a debate whether to seek help from the regulator to mitigate this shock in the first quarter of the current financial year. Several banks met last week to discuss possible representation of the Reserve Bank of India (RBI) to allow them to reduce ‘mark to market’ (MTM) losses. bond holdings in the first quarter of the full year. such discount. permitted by reserve Bank of India…