Gold Silver Reports (GSR) – Trading houses have been advised by their banks and lawyers that they can’t continue trading with the Russian company, according to executives at five companies that regularly buy from Rusal, who spoke under condition of anonymity due to the sensitivity of the discussions.
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What to Watch in Commodities: Aluminum, Trump Vs Xi, Copper, Soy
Gold Silver Reports (GSR) – What to Watch in Commodities: Aluminum, Trump Vs Xi, Copper, Soy — On top of that, there are two gatherings that’ll shape the big-picture agenda. In Asia, China’s leadership, including President Xi Jinping, will deliver their take from the Boao Forum for Asia. And in Peru, heads of state from across the Americas will gather in Lima for a summit that may provide a backdrop for a breakthrough on fraught Nafta talks between the U.S., Mexico and Canada.
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.
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.