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The Government Gets Ready to Accept Gold as an Asset Class
Gold Silver Reports (GSR) – The Government Gets Ready to Accept Gold as an Asset Class — In the Union Budget 2018, finance minister Arun Jailtley announced the government’s intention to formulate a comprehensive gold policy, to develop gold as an asset class. In his speech, the minister said that the government will establish a system of consumer-friendly and trade-efficient and regulated gold exchanges in the country.
Nickel Drops the Most in Two Months
Gold Silver Reports – Nickel Drops the Most in Two Months – Nickel plunged by the most in two months in London as unexpectedly strong US jobs data triggered a spike in the dollar and a selloff across base and precious metal markets.
Crude Oil Loses Steam This Week as Dollar, Stocks Add to Shale Worries
Gold Silver Reports – Crude Oil Loses Steam This Week as Dollar, Stocks Add to Shale Worries – After its best January since 2006, the oil market wrapped up the week on a slump as a stronger dollar and weaker stocks added to concerns over booming shale production.
Gold MCX Start Fresh Buying For Target 30777—31030 By Goldman Neal Bhai Reports
Gold Silver Reports – Gold MCX Start Fresh Buying For Target 30777—31030 – Technically Gold market is under fresh buying as market has witnessed gain in open interest by 14.84% to settled at 9171 while prices up 480 rupees.