Gold Silver Reports ~ Mining giants including BHP Billiton Ltd. and Rio Tinto Group tumbled as commodities producers slumped along with oil on Monday, which sank after Iran secured the lifting of sanctions that have capped crude sales.
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Iran Plans to Boost Crude Exports
Gold Silver Reports ~ Stocks across the Middle East tumbled as the easing of sanctions against Iran raised the prospect of a surge in oil supplies to a market already reeling from the lowest prices in more than a decade. Shares in Tehran gained.
Global Selloff, Crude Slip Nears $29
Gold Silver Reports ~ Stocks tumbled around the world, with U.S. equities sinking to their lowest levels since August, and bonds and gold jumped as oil’s plunge below $30 sent markets reeling. Treasuries extended gains as economic data and earnings added to concern that global growth is faltering.
Crude Slip Under $30 Barrel for the 1st Time in 12 Years
Gold Silver Reports ~ Crude Oil dropped below $30 a barrel in New York for the first time in 12 years on concern that turmoil in China’s markets will curb fuel demand.
Crude Oil Prices Are Tumbling
Gold Silver Reports ~ Crude oil is getting slammed on Monday, with front-month contracts for Brent and West Texas Intermediate each down more than 6 percent at their lows for the day.
Middle East Tensions, Support For Gold
Gold Silver Reports ~ The first week of the new year was an exceptionally volatile one with Crude Oil dropping to new 13-year lows as the oversupply worries continue to worsen. Precious Metals finally broke out of its month long trading range as rallied to $1100.0 whereas Silver largely remained in the same range.
Stocks Slip With Crude Oil
Gold Silver Reports ~ Stocks extended last week’s global rout, oil dropped and the South African rand led a slump in emerging-market currencies as China’s efforts to stabilize the yuan failed to halt losses in equities.
Gold Market As The Farmers Would Produce Less Output
Gold Silver Reports ~ As the winter is unlikely to bring bright prospects for India’s rabi crops, it will dent the rural demand for gold also in this wedding season. Experts expect 10-15% dip in country’s gold purchaes this year as farmers are likely to reduce gold buying on account of poor kharif crops, the expected down in rabicrops and low commodity~prices.
Crash In Crude Oil Prices With A Crippling Impact
Gold Silver Reports ~ Crash in crude oil prices with a crippling impact on the economies of the Gulfnations would deal a severe blow to remittances to India, Pakistan and other Asian nations with a maximum possibleimpact on states like Kerala and Punjab.