Trade War Hits Stocks as $8 Trillion in Bear Market

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Gold Silver Reports (GSR) – Trade War Hits Stocks as $8 Trillion in Bear Market — The MSCI Emerging Markets Index sank to the lowest in 10 months, while 18 out of 24 currencies tracked by Bloomberg fell. The Shanghai Composite Index has tumbled 20 percent from its peak in January, with China joining nations such as Turkey and Pakistan in crossing that threshold. The risk premium on sovereign bonds over U.S. Treasuries widened.

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Banks Fraud Reports, Says RBI’s Financial Stability Report

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Banks Fraud Reports, Says RBI’s Financial Stability Report

Gold Silver Reports (GSR) – Banks Fraud Reports, Says RBI’s Financial Stability Report — A study of the composition of frauds, showed that the increase in the number of frauds was driven by credit and debit cards along with internet banking. However, in value terms, advances-related frauds contributed most to the total amount involved.

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Gold Prices Slip Today on Weak Demand, Silver Reclaims ₹ 41000 Mark

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Spot Gold

Gold Silver Reports (GSR) – Gold prices moved down by ₹ 55 to ₹ 31,595 per 10 grams on Tuesday, due to sluggish trend overseas amid slowing demand from local jewellers, reported PTI. Globally, gold prices hit its lowest in more than six months as a sell-off in global risk assets eased. Moreover, the metal remained under pressure from the prospect that rising US interest rates will further support the US dollar.

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