Since the September 2009 low of $992 per ounce, gold prices have shot up 20% to $1,193 per ounce as of 26 November 2009, on hopes that central banks would purchase more gold to hedge against a falling dollar. Gold prices were also on an uptick due to fears over inflation in the year 2010. There is speculation that almost every country is keen to increase gold reserves by buying the yellow...

Loan growth is slow. Why then are interest rates still so high?

In the 1980s, there was a band of high-profile bond traders who used to sell bonds heavily whenever they suspected that the central banks were not acting strongly and quickly enough to reduce deficits, government borrowings and inflation. Edward Yardeni, market strategist, called them bond vigilantes. Bond traders in India are...