Gold, silver drop as interest rates likely to remain elevated, dollar continues to strengthen
Precious metals market reaches higher as gold tops $2,600 following FOMC meeting
Speculators that buy gold, silver at the Fed’s first rate cut have performed spectacularly in unwinding economies
Gold surges 1% as Fed's Powell hints at a possible September rate cut, while Middle East tensions boost the metal's safe-haven appeal. Could it hit $2,700?
It reiterated that the interest rate path will be determined by future inflation, and continued stability in the financial markets, economic activity, and fiscal policy.
The deficit in March was NIS 15 billion compared to NIS 2.7 billion measured last march, according to the Finance Ministry.
Paybox app announces that it will pay its customers from all banks an annual interest of 3% on their balance in the app.
The Bank's forecast places the interest rate at 3.75%-4.00% at the end of 2024, signaling a cautious approach to monetary policy.
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