China’s Bad Loan Ratio Climbed to 1.67 Percent

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China's Bad Loan Ratio Climbed to 1.67 Percent

Gold Silver Reports → Soured loans at Chinese commercial banks rose to the highest level since June 2006 as the nation’s economic expansion slowed to the weakest pace in a quarter century.

Led By Banks, Nifty Ends 2.6 Percent Higher

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Led By Banks, Nifty Ends 2.6 Percent HigherGold Silver Reports → The NSE Nifty jumped more than 2.6 percent on Monday, its biggest daily percentage gain in more than a year, encouraged by strong trading in shares of banks and miners after a selloff last week.

U.S. Crudeoil Prices Big Jumps Back above $30 a Barrel

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U.S. Crudeoil Prices Big Jumps Back above $30 a BarrelGold Silver Reports → U.S. crudeoil prices big jumps back above $30 a barrel on Tuesday as news of a rare private meeting of top officials from the world’s biggest oil producers spurred speculation of an eventual deal to tackle a deep supply glut.

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European Central Bank President Draghi Speaks

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European Central Bank President Draghi SpeaksGold Silver Reports – Mario Draghi (born 3 September 1947) is an Italian banker and economist who has been governor of the Bank of Italy and succeeded Jean Claude Trichet as President of the European Central Bank starting November 2011.

European Stocks Rebound 3 pct, Dragging Gold Lower

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European Stocks Rebound 3 pct, Dragging Gold LowerGold Silver Reports → Gold fell more than 2 percent on Monday as a rebound in stock markets pointed to a sharper appetite for risk, pulling down prices further from last week’s one-year high.

MCX Copper Sideways Trend Sell on Rise

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MCX Copper Sideways Trend Sell on RiseGold Silver Reports → MCX Copper February as seen in the weekly chart above has opened the week with gap down at 314.30 levels and at the starting of the week sessions it made a weekly high of 317.40 levels. Later on prices could not able to sustain on higher levels and corrected sharply towards the weekly low of 301 levels. This week prices closed below the previous week’s closing of 316.10 levels and finally closed 3.04% lower at 306.50 levels. Technically, prices have formed “Bearish Candlestick pattern” which indicates further weakness. → Neal Bhai Reports

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