Month: November 2017
Hindalco’s Profit Falls 11% in Sept Qtr
Gold Silver Reports – Aditya Birla Group’s flagship Hindalco Industries posted a decline in standalone profit for the quarter through September, hurt by an exceptional item.
Supreme Court Refuses Interim Stay on Linking Aadhaar to Bank A/c, Mobile Nos; Leaves it for Constitution Bench to Decide
Gold Silver Reports – The Supreme Court (SC) on Friday refused to pass an interim order staying the linking of Aadhaar with mobile numbers and bank accounts, saying that it is leaving the issue to be decided on by a Constitution bench in the last week of November.
Gold Prices Slip as Investors Focus on Equities
Gold Silver Reports – Gold prices slid Rs30 to Rs30,250 per 10 grams on Friday as equities found more traction with investors seeking higher returns. Leads overseas were negative and demand from local jewellers was hard to come by. But silver prices staged a comeback by jumping Rs600 to Rs40,500 per kg, spurred by industrial units and coin makers.
U.S. Adds 261,000 Jobs as Hurricane Effect Reverses; Pay Stalls
Gold Silver Reports – U.S. employers added the most workers in a year, rebounding from September’s slowdown, as people resumed work after hurricanes Harvey and Irma, Labor Department figures showed Friday. The jobless rate fell to the lowest since 2000 while wages stalled.
Bitcoin Surges Past $7,000 to Extend Record Rally This Year
Gold Silver Reports – Bitcoin climbed past $7,000 for the first time, breaching another milestone less than one month after it tore through the $5,000 mark.
Bank of England Hikes Rates
Gold Silver Reports – Bank of England Hikes Rates – The Bank of England raised interest rates for the first time in more than 10 years on Thursday and said it expected only “very gradual“ further increases over the next three years.