The only thing I know is this: I am full of wounds and still standing on my feet. – Nikos Kazantzakis
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.
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.
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.
Neal Bhai Reports ~ U.S. stocks advanced, with energy shares leading a rebound sparked by rising crude-oil prices, as investors weighed corporate earnings and prospects for global growth.
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.
Beauty is not in the face, beauty is a light in the heart. – Kahlil Gibran
Crude MCX CMP: 2254 level.
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 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.