Gold Silver Reports (GSR ) – Spot gold had risen by 0.2 percent to $1,277.75 per ounce as of 0448 GMT, and was set for a second straight weekly gain with no end in sight for China-U.S. trade tensions and political uncertainty in the United States.
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Gold Prices Steady as Economic Worries Support, Gains in Equities Drag
Gold Silver Reports (GSR) – Gold prices were steady near six-month highs on Friday, supported by worries over economic growth but pressured by gains in global equity markets.
You Can Insure Jewellery Stored at Home – Gold Silver Reports
Jewellery at home can be covered under insurance. Typically, an insurer will appoint a valuer to inspect the jewellery and set a value. This helps avoid claim disputes. The rate charged for jewellery insurance is around ₹1,000 per ₹1 lakh of sum insured.
Gold Prices Have Fallen on Profit Taking
Gold Silver Reports (GSR) – Spot gold fell 0.4 per cent to $US1,254.81 per ounce after hitting its highest since June 26 of $US1,266.40 on Thursday. Gold prices have fallen on profit-taking, a day after bullion touched a near six-month high and the dollar rebounded, but the metal stayed on track for a weekly gain as the appetite for risk waned.
Government Shutdown is all But Certain as Congress Adjourns Without a Spending Deal
A temporary government shutdown was all but guaranteed Friday night as Congress struggled to break a stalemate over money for President Donald Trump’s proposed border wall.
Gold Prices Jump Today But Silver Rates Drop
In global markets, gold prices today edged higher supported by a softer dollar and weakness in the equities market. Overnight, the US Federal Reserve hiked interest rates by 25 basis points, as widely expected, but what took markets by surprise was the US central bank’s commitment to retain the core of its plan to tighten monetary policy, despite rising uncertainty about global economic growth. Spot gold prices rose 0.5% to $1,249.46 per ounce.
If Fed’s ‘50 B’s’ Are Wrong Now, Then When Is Right?
In between tweets about Michael Flynn’s court appearance and Twitter making it hard for him to accumulate followers, President Donald Trump on Tuesday made an eye-catching remark about monetary policy: “Stop with the 50 B’s,” he told the Federal Reserve.