Gold Silver Reports — COMEX Gold edged up to a three-week high amid broad weakness in US dollar. Dollar eased on Thursday after European Central Bank President Mario Draghi said ECB policymakers would discuss potential changes to the banks bond-buying scheme in the autumn, lifting the euro to a 14-month high against the dollar.
Gold Silver Reports — Mario Draghi said policy makers are still waiting for inflation to catch up with the economic recovery as they put off discussions on winding back stimulus until after the summer.
Gold Silver Reports — What will Brexit look like in three months’ time? Pound traders are trying to figure it out.
Wednesday marks three months until a key European leaders meeting that could shape the final divorce. That means benchmark 3-month sterling volatility will start to cover the Oct. 19-20 summit for the first time. Traders need to gauge how a German election, three months of talks and political feuds in the U.K. will change the Brexit outlook by then.
Gold Silver Reports — Aussie Dollar Gives Reserve Bank a Rate Hike It Doesn’t Want — Aussie firms fretting over talk of interest-rate hikes could be feeling like they’ve just had one — thanks to a spiraling currency.
Gold Silver Reports — Indian Crude Oil Basket Rises Near $48 Levels — The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.74 per barrel (bbl) on 19.07.2017.
Gold Silver Reports — UK Retail Sales Recover 0.6% On Month In June — UK retail sales grew 0.6 percent month-on-month in June, reversing a 1.1 percent fall in May, data from the Office for National Statistics revealed Thursday. Excluding auto fuel, retail sales climbed climbed 0.9 percent, in contrast to a 1.5 percent decrease in the previous month.
Gold Silver Reports — ADB Raises Developing Asias Growth Outlook — The Asian Development Bank (ADB) raised its developing Asias growth outlook citing stronger-than-expected export demand. In its Asian Development Outlook, released Thursday, the bank upgraded developing Asias growth outlook for 2017 to 5.9% from 5.7%.
Gold Silver Reports — Gold continued to face selling pressure after hitting its two week high as strong US economic data and soaring equities capped the upside. COMEX Gold is currently trading at $1237 per ounce, down 0.39% on the day.