Not all that glitters is gold, but the precious metal keeps climbing.
Phalneivah Khonsai ran for her life when violence struck her neighborhood in India's restive northeast, carrying just the bare essentials in the hope that she and her family could return soon. Khonsai, her husband and three children left behind their house, which was torched by a mob, and made for the hills, where thousands of people from their community headed for safety. The relief camp is in Kangpokpi, about 50 kilometers (30 miles) from Imphal, the capital of India's northeastern Manipur state, which has been wracked by ethnic violence since last year.
Earlier in December, Lagarde had said the central bank would cut interest rates further if inflation continued to ease towards its 2% target, as curbing growth was no longer necessary. "We're getting very close to that stage when we can declare that we have sustainably brought inflation to our medium-term 2%," Lagarde told the FT, urging continued vigilance on services inflation. Lagarde said she opposed retaliation by Europe to tariff threats made by incoming U.S. President Donald Trump.