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Economic Indicator

India’s Wholesale Price Index Inflation accelerates to 9.68% YoY in May

Source Fxstreet

India’s Wholesale Price Index (WPI) Inflation data for May arrives at 9.68% Year-on-Year (YoY), higher than 9.1% estimates and the previous reading of 8.3%.

Economic Indicator

WPI Inflation

The WPI Inflation released by the Ministry of Commerce and Industry is a measure of price movements similar to the Consumer Price Indices (CPI). Generally, a high reading is seen as positive (or bullish) for the Rupee, while a low reading is seen as negative (or bearish).

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Gold edges higher above $4,550 on US-Iran peace optimism Gold price (XAU/USD) gains ground to near $4,575 during the early Asian session on Tuesday. The precious metal edges higher as hopes for US-Iran peace negotiations weakened the US Dollar (USD).

Author FXStreet

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Gold rises to weekly high as US, Iran reach peace deal Gold price (XAU/USD) rises to a weekly high during the Asian trading hours on Monday. The precious metal rebounds after the United States (US) and Iran had reached a deal to end their conflict, easing concerns about inflation and higher interest rates.

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