Gold Silver Reports (GSR) – U.S. President Donald Trump’s tariff increase to 25 percent on $200 billion worth of Chinese-goods took effect on Friday, and Beijing said it would strike back, ratcheting up tensions as the two sides pursue last-ditch talks to try salvaging a TradeDeal.
South Africa
South African Gold Output Has Longest Losing Streak Since 2009
South African gold production shrank for a 17th straight month in February, the longest string of contractions since the financial crisis.
Gold Miner Enters into a Prepayment Deal with Citigroup
Sibanye Gold Ltd. raised $125 million by selling future gold production, the second major step by the company this week to build up cash as it faces a drawn-out labor dispute.
Coriander Futures NCDEX Ultimate Target 7350—7550
We expect, NCDEX (National Commodities and Derivatives Exchange) Coriander futures may trade positive towards 7,350—7,550 Rupees per 100 kg (CMP: 7,150) in next 1-2 months on robust export demand and diminishing supplies.
Moody’s Investors Service today said that the Profitability of Indian Banks
Moody’s Investors Service today said that the profitability of Indian banks is “distinctively weak” compared with those in the association of five major emerging national economies: Brazil, Russia, India, China and South Africa.
World’s Most Expensive Precious Metal Set to Blossom as Shortage Looms
Gold Silver Reports (GSR) – As platinum miners curb production, rhodium output will drop, causing prices to rally further, Dawson said. That could rekindle visions of the market a decade ago, when rhodium topped $10,000 an ounce after five years of a supply deficit were compounded by South African power shortages that curbed mine output.