Jet Airways Rises On Buying 75 Planes From Boeing – Shares of the Mumbai-based airline operator rose as much as 3.2 percent to Rs 632.55 after it agreed to buy 75 Boeing 737 Max aircraft to help meet growing demand in the world’s fastest growing major aviation market.
Gold Is Heading to $1400 If Trade War Breaks Out
Gold Silver Reports (GSR) – Bullion could top $1,400 an ounce in 2018 as escalating trade tensions drive investors to havens and the threedecade bull market in bonds nears an end, said Rule, who’s due to speak at a conference in Hong Kong on Wednesday. Spot gold traded at $1,337.50 Tuesday after three straight quarters of gains, while exchangetraded fund-holdings are around the highest in half a decade.
Goldman Sachs Sees Equity Volatility Spillover
Gold Silver Reports (GSR) – Goldman Sachs Sees Equity Volatility Spillover — Strategists led by John Marshall observed that “a large number” of S&P 500 hedges expired over the past three weeks, leaving the average investor more exposed to stock swings. Meanwhile, the Cboe Volatility Index almost doubled in the first quarter as concerns over global trade tensions and the Federal Reserve’s monetary policy stirred up market turbulence. The options gauge, known as VIX, jumped 20 percent to 23.89 as of 12:11 p.m. in New York.
Gold Prices Rise by Rs110 on Global Cues
Gold Silver Reports (GSR) – ⭐⭐⭐⭐⭐ Gold prices rallied by Rs110 to Rs31,460 per 10 gram at the bullion market on Monday, tracking a firm trend overseas amid sustained buying by local jewellers. Silver prices also advanced by Rs175 to Rs39,375 per kg due to increased offtake by industrial units and coin makers.
Global Gold Prices Rise on Renewed US-China Trade Tensions
Gold Silver Reports (GSR) – Gold prices rose on Monday as the dollar eased amid renewed concerns over a trade war after China imposed additional tariffs on US products in response to US duties on imports of aluminium and steel.