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 — 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 — 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 — The gold market rendered a quick dovish read on Federal Reserve Chair Janet Yellen’s prepared testimony to Congress. Yellen said Wednesday that “considerable uncertainty always attends the economic outlook,” citing “uncertainty about when — and how much — inflation will respond to tightening resource utilization.”
Gold Silver Reports — The government may see a revenue loss of around `1 lakh crore and some jump in inflation in the coming year due to goods and services tax (GST), Thomas Isaac, Kerala’s finance minissaid on Thursday.