International News
Rush for physical gold creates a premium for COMEX futures over spot prices
This rush for physical gold has created a pronounced premium for COMEX futures over spot prices.
Traders are moving reserves from traditional hubs like London to New York to capitalise on these spreads. The shift has even strained established systems: the Bank of England, for instance, now faces withdrawal delays of up to 4–8 weeks—far longer than the usual turnaround time. Across Asia, bullion banks are also redirecting supplies, with private vaults in New York (operated by HSBC and JPMorgan) reportedly receiving additional shipments.
Despite global enthusiasm, India’s gold market paints a contrasting picture. In domestic markets, physical gold is trading at a discount compared to futures, a clear signal of tepid demand.
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and ​historical retail sales data. It excludes automobile, gasoline and ​restaurant sales
​Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
​Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
​Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
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US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
GJEPC, IndusInd Bank Host Webinar On FEMA Guidelines For GJ Exporters
PNG Jewellers Brings Madhuri Dixit and Ranbir Kapoor Together In Its New Brand Campaign, Unstoppable Legacy
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International News4 hours agoUS Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
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National News3 hours agoGJEPC, IndusInd Bank Host Webinar On FEMA Guidelines For GJ Exporters
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BrandBuzz45 minutes agoPNG Jewellers Brings Madhuri Dixit and Ranbir Kapoor Together In Its New Brand Campaign, Unstoppable Legacy
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National News6 hours agoMCX Bullion Futures Rise On Positive Momentum In Global Precious Metal Markets.
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