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.
Economic
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ADB Raises Developing Asias Growth Outlook
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%.
Dollar Falls as U.S. Reform Hopes Dim; Gold Climbs: Markets Wrap
US Weekly Jobless Claims Decrease To 247,000
Gold Futures Jump After Yellen’s Remarks
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.”
Dollar Weaker on Trump Jr. Emails; Focus on Yellen: Markets Wrap
GST May Lead to Inflation in the Short Run
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.