Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Goldman Sachs says gold will surge another 20% and hit $2,300 in the next year

Global IndexesJul 29, 2020
Goldman Sachs says gold will surge another 20% and hit $2,300 in the next year
Goldman Sachs says gold will surge another 20% and hit $2,300 in the next year. The increased forecasts are driven by rising fears about the dollar's long term future as the world's key reserve currency, and expectations of continued rock-bottom interest rates. Meanwhile, Chinese regulators and major banks are rushing to curb precious metal trading by domestic investors to temper speculation that some fear could cause a repeat of this year's oil trading mishaps.

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