![]() Cricketing experts also hailed him for single-handedly changing the result of the high-stake match. I had to jump on the chances that I got," he said.įans were flabbergasted by Maxwell's heroic inning at Wankhede. “I was trying to remain positive and attack the bad balls. However, Maxwell stitched a 200-run partnership with skipper Pat Cummins to turn the game around. I was given a couple of chances and I had to make the most out of it," Maxwell said.Īt one stage, Australia were down at 91/7, staring at a likely huge defeat against Afghanistan. I wish this inning could have been chanceless. However, a DRS call ended up saving his wicket, and eventually the match for Australia. ![]() Gibson to lead the Mint, where, if confirmed, she would serve as its first Black director. This was followed by Maxwell almost walking back when the on-field umpire had given him out leg before, when he was in his mid-30s. WASHINGTON The United States Mint celebrated a milestone this month when it announced the first shipment of a new batch of quarters bearing the imag The announcement came weeks after President Biden said he would nominate Ventris C. Milestone Alert!Livemint tops charts as the fastest growing news website in the world □ Click here to know more.Maxwell's first catch was dropped by Afghan skipper Hashmatullah Shahidi, followed by a simpler catch put down by spinner Mujeeb-ur-Rehman.Īlso Read: Maxwell hits double century as Australia chase down 292 to beat Afghanistan Gold is seen as a safe store of value during economic and political crises. On the other hand, he says, higher global inflation prospects and slower economic growth outlook due to Russia-Ukraine crisis and higher inflation is supporting precious metals at lower levels. It is, however, seen as a safe store of value during economic and political crises.įirm US dollar and bond yields are weighing on gold amid signs of faster policy tightening by the Federal Reserve, says Rahul Kalantri, VP Commodities, Mehta Equities Ltd. short-term interest rates and higher yields, which increase the opportunity cost of holding non-yielding bullion. Gold traders will be watching for key US economic data like GDP numbers and weekly jobless claims, both due on Thursday. Expectations of aggressive tightening to clamp down inflation is making investors nervous and is weighing on overall risk sentiment," IFA Global said in a note. Markets are expecting Fed funds rate to be at 2.75-3% by end of 2022 from 0.25-0.50% currently. “Markets are now pricing in 50bps hikes at each of the next four Fed meetings. “Gold has corrected after failing to sustain near $2000/oz level and may remain pressurized unless we see some stability across commodities," Ravindra Rao of Kotak said.Īggressive Fed tightening, COVID-related lockdowns in China, and the Ukraine-Russia war are the three main themes haunting global markets at this point and the dollar and Treasuries gained on haven bids. However, losses in gold is being capped by concerns about health of Chinese economy, increasing Russia-Ukraine tensions and inflation concerns, say analysts. “COMEX gold trades about 0.5% lower near $1925/oz weighed down by firmness in US dollar amid Fed’s hawkish stance and some profit taking by ETF investors," says Ravindra Rao, Head Commodity Research at Kotak Securities. Treasuries snapped the rout of the past week that roiled markets while the dollar extended an advance as investors opted for safe havens. The dollar index today edged higher to 101.265, making gold less attractive for buyers holding other currencies. Analysts say that despite the safe-haven demand from inflation and Ukraine concerns, a strong US dollar and firm US bond yields is putting pressure on gold.
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