Hyderabad based Pennar Industries Limited (PIL) is one of the fastest-growing mid-sized engineering companies in India involved in the manufacturing of Cold rolled steel strips, Precision tubes, sheet metal components, road safety systems and many more. Since inception, company has heavily modified its product line. The company has six manufacturing facilities across India. Apart from this, company has two subsidiaries – Pennar Engineered Building Systems (PEBS) and Pennar Enviro Limited (PEL). PEBS specializes in the proceedings of pre-engineered steel building and building components while PEL functions in the field of waste water treatment, fuel additives etc.
Traders of the financial markets, small or big, private or institutional, investing or speculative, all try to find ways to limit the risk and increase the probabilities of winning. There are many trading strategies out there and hedging is one of them. In fact, hedging is one of the best strategies to do just that, that's why many large institutions use it as a mandatory component of their tactics. There are even investment funds that are named after this strategy, because they 'hedge' most of the trades and that's why they are called 'hedge funds'.
Gold futures bounced off six-year lows in spite of a strong dollar, as an optimistic U.S. jobs report paved the way for the Federal Reserve to lift short-term interest rates later this month at a highly-anticipated meeting.
On the Comex division of the New York Mercantile Exchange, gold for February delivery traded in a broad range between $1,057.20 and $1,088.20 an ounce before settling at $1,083.40, up 22.20 or 2.09% on the session. With the sharp gains, gold enjoyed one of its strongest one-day move in two months, surging at one point to its highest levels since mid-November. Earlier this week, the precious metal fell to its lowest level since the Financial Crisis after the dollar reached 2015-yearly highs, amid signals of divergent monetary policies between the Fed and the European Central Bank. In spite of Friday's rally, gold is still down approximately 2.5% over the last month of trading.
Why December Is Looking Likelier for the Fed to Raise Interest Rates
One of these days, the Federal Reserve tells us, it will decide to raise interest rates.
The announcement will be akin to a doctor’s decision that a patient is well enough to be gradually taken off medication. The thinking inside the Fed is that the economy is finally healthy enough that borrowing costs should return to more “normal” levels to help keep future inflation from accelerating too much.