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Muted Demand During India's Second-Biggest Gold-Buying Festival, After Prices Surge
Muted Demand During India's Second-Biggest Gold-Buying Festival, After Prices Surge
Gold demand during one of India's key buying festivals stayed muted on Sunday as record prices curbed jewellery purchases, offsetting a modest uptick in investment demand, according to Reuters.
Indians celebrated Akshaya Tritiya, the second-biggest gold-buying festival after Dhanteras, when purchasing precious metals is considered auspicious. Only this time near record gold prices - the precious metal closed just over $4800 - kept buyer enthusiasm rather subdued.
"The sharp rally in prices curbed jewellery demand. In volume terms, buying was lower as consumers...
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Apr 6, 2026 / Tyler Durden
Wyoming's Helium Empire Ascends As Qatar Gas Goes Flat
Wyoming's Helium Empire Ascends As Qatar Gas Goes Flat
Readers have already been well briefed, see here and here, that roughly one-third of global helium supply has been disrupted, setting the perfect storm of chaos to spread across high-tech industries, particularly semiconductors. The shock is being driven by shipping restrictions through the Gulf and the shutdown of output from top producer Qatar, where damage to the Ras Laffan complex could keep supplies constrained for years.
As the U.S.-Iran conflict enters its second month, one of the clearest second-order effects of...
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Jul 2, 2026 / Tyler Durden
Paris Deputy Mayor Blames US Air Conditioning For French Heat Wave
Paris Deputy Mayor Blames US Air Conditioning For French Heat Wave
The peasantry is not allowed to have creature comforts, otherwise, they might start thinking like free men. So, let them eat cake (and fight each other over the last few box fans).
As we covered last week, over 1.2 million tourists have traveled to each US city hosting a World Cup game, and the resulting culture shock has gone viral across social media. Notably, European visitors have been surprised by American infrastructure, hospitality and, strangely, air conditioning.
Apparently, European media and...
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Apr 29, 2026 / Tyler Durden
Governor Powell
Governor Powell
By Philip Marey, senior US strategist at Rabobank
Summary
As widely expected, the FOMC remained on hold. Governor Miran dissented again because he wanted a rate cut.
However, there were also three dissenters (Hammack, Kashkari and Logan) who wanted to remove the bias toward cutting from the statement.
On balance, Powell said that the center of the Committee was moving toward a more neutral place in thinking about cuts versus hikes.
Powell announced that this was his last press conference as Chair, but he would stay on as a Governor until he thinks...
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