Copper MCX CMP @ 313.80 Level
Indians Buy Gold Worth $267 Billion
Gold Silver Reports → At a time when foreigners were investing in Indian equities, Indians were boosting their Gold purchases. The gold greedy Indians bought yellow metal worth $267 billion (Rs. 18 lakh crore at 68 rupees per US dollar) over the last 10 years.
Bullion Gets More Attention From Long Term Bears
Gold Silver Reports → Gold’s rally is being driven as investors start to lose faith in central bankers’ ability to deal with economic challenges, according to Evolution Mining Ltd.’s Jake Klein, who said the metal’s advance has been strong enough to draw attention from long-time bears.
World Gold Council Indicate Improving Fundamentals For Gold
Gold Silver Reports → The fundamental picture according to the data released by the World Gold Council continues to indicate improving fundamentals for Gold.
Barrick Gold Corp Plans to Cut at least $2 Billion
Gold Silver Reports → Barrick Gold Corp plans to cut at least $2 billion this year as the world’s largest producer of the metal seeks to shore up its balance sheet following three annual declines in the price of gold.
ABN AMRO Group Bear on Gold Market
Gold Silver Reports → ABN AMRO Group NV’s Georgette Boele has been a staunch bear on gold as prices tumbled. Now with gold on the brink of a bull market, she’s changed her tune.
Crude Oil , Currencies Follow Chart
Gold Silver Reports → While Asia imports the bulk of the crudeoil it uses, cheaper crude does little to boost the region’s currencies. Crude Oil rates partly reflect the report for global~growth, which also impacts prospects for Asia’s exports or demand for emerging-market assets. Which tracks the region’s 10 most~used …
Federal Reserve Policy Makers Debating Report
Gold Silver Reports → Federal Reserve policy-makers debating their outlook for interest-rates last month expressed concern that the fall in commodity prices and the rout in financial markets increasingly posed risks to the U.S. economy.
Fed Minutes Offer Some Support
Gold Silver Reports → Federal Reserve officials are already signaling why they might lower forecasts for growth, inflation and the path of future interest~rates when they meet next month.
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