Gold Silver Reports — That Glitter in India May Not Be Gold | The Indian stock market seems unstoppable. Its major indices have risen over 20 percent this year, making it one of Asia’s best performers. Indian investors have piled into more than $7.2 billion worth of stock in 2017 and foreigners have bought almost $7 billion.
Gold Silver Reports — Fight for World’s Biggest Gold Mine Isn’t Over —The landmark deal that forced Freeport-McMoRan Inc. to cede controlling interest in the world’s biggest gold mine and second-largest copper mine to Indonesia may not be the final outcome as both sides prepare for a politically charged fight over the price of the asset and how it will be run, according to the U.S. company’s former chief in Indonesia.
Gold Silver Reports — Gold Prices Drop on Weak Global Cues, Low Demand — Gold prices fell by Rs50 to Rs30,850 per 10 gram at the bullion market on Saturday on weak cues from overseas markets and fall in demand from local jewellers at domestic spot market. Silver followed suit and eased by Rs200 to Rs41,400 per kg due to reduced offtake by industrial units and coin makers.
Gold Silver Reports — Gold Prices Resist Selling Pressure, Global Growth Hopes Limit Support — Gold has edged lower, although overall selling pressure has still been limited with the dollar unable to gain traction against European currencies. There are still net downside risks for prices given global growth hopes.