Gold Silver Reports – Gold steadied on Friday after recent gains that lifted the metal to its highest since November, keeping it on track to end January with its strongest monthly climb in a year.
Commodity News
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Government May Look at Reimposing 5% Customs Duty on Crude Oil
Gold Silver Reports ~ With international oil prices slumping to 12-year low, the government may look at reimposing 5% customs duty on crude oil imports to shore up revenue by close to Rs 18,000 crore.
Indian Banks Silver Mortgages offer
Gold Silver Reports ~ India’s banks, struggling to boost mainstay corporate loans, are finding a bright spot in a home-buying spree in the country’s towns that has driven mortgage-loan growth to the fastest rate in at least six years.
India Gold Discounts, Lunar New Year Biggest Festive Season
Gold Silver Reports ~ Physical gold demand in China was slow this week in the run-up to the Lunar New Year holiday, its biggest festive season, while Indian sellers increased discounts amid weak appetite for the metal.
Gold Slip as Investors Profits Booking
Gold Silver Reports ~ Gold fell by 1 percent on Thursday, pressured by earlier strength in equity markets on the back of a rally in oil rates, with bullion investors book profit in gains from the Wednesday’s rally to 12-week highs.
Gold Price Recover in 2016 ? Reuters Survey
Gold Silver Reports ⇒ Demand from Asia and further contraction in global mine production will prompt gradual recovery of gold prices in 2016, especially in the second half, according to Thomson Reuters GFMS survey. “We expect a slow recovery in 2016 in dollar terms, with the gold price trading above $1,200/oz towards year-end, and averaging $1,164/oz.”
Gold Investor Caution Before Fed Statement
Gold Silver Reports ~ Gold steadied below a 12-week peak on Wednesday as investors remained cautious ahead of the Federal Reserve’s first policy statement of the year, which is expected to give clues on interest rates.
Federal Reserves 1st Policy Statement of The Year
Gold Silver Reports ~ Gold steadied below a 12-week peak on Wednesday as investors remained cautious ahead of the Federal Reserve’s first policy statement of the year, which is expected to give clues on interest rates.
Copper Prices Trade Higher As China Demand
Gold Silver Reports ~ LME Copper prices traded higher by 0.2 percent as Copper premiums in China rose to $95-$100 last week, the highest since late October as Chinese stockpiling picked up ahead of next month’s Lunar New Year. besides,
Gold Up And World Economy Concerns
Gold Silver Reports ~ Gold rose on Monday, as the dollar edged lower on renewed oil market weakness and concerns over the global economic report which have raised questions about the Federal Reserve’s pace of interest rate tightening.