Gold Market Could be Using the Technology Behind Cryptocurrencies

Gold Market Could be Using the Technology Behind Cryptocurrencies

Gold Silver Reports (GSR)  – Gold Market Could be Using the Technology Behind Cryptocurrencies — The London Bullion Market Association last week closed an invitation for submissions of ideas for how to track the metal as it’s dug out of remote mines, traded by middlemen and sold on to buyers scattered around the world. While the LBMA didn’t stipulate what form the system would take, most of the 25 respondents incorporated distributed-ledger technology in their proposals.

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India Gold Imports Are Said to Have Slumped for Fifth Month

Gold Silver Reports (GSR) – India Gold Imports Are Said to Have Slumped for Fifth Month — India’s gold imports shrank 39% in May, according to a person familiar with the information, the fifth month of decline as the world’s second-largest consumer enters a seasonally weak period for demand. Imports contracted to 77.6 tonnes from 126.2 tonnes a year earlier, the person said, asking not to be identified as the figures aren’t public. The purchases exceeded the 52.7 tonnes in April and are the highest so far this year.

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Zinc Slides to Nine-Month Low on LME; Teck signs Annual Zinc Concentrate supply Deals; Nyrstar Earnings Drop 5% in First Quarter

Gold Silver Reports (GSR) – Zinc Slides to Nine-Month Low on LME; Teck signs Annual Zinc Concentrate supply Deals; Nyrstar Earnings Drop 5% in First Quarter — Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday May 3, with zinc diving to its lowest point since August 2017. Read more in our live futures report.

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Why U.S. Sanctions On Rusal Will Benefit Indian Aluminium Producers

Free MCX Aluminium Tips

Gold Silver Reports (GSR) – Why U.S. Sanctions On Rusal Will Benefit Indian Aluminium Producers — Integrated domestic aluminium producers — with presence from raw materials to the final product — like Hindalco Ltd. and National Aluminium Company Ltd. stand to gain more than Vedanta Ltd., said Goutam Chakraborty, analyst-institutional research at brokerage Emkay Global Financial Services.                                         

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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.                   

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