Central banks are set to increase their purchases of gold in 2018 for the first time in five years as eastern European and Asian countries seek to diversify their reserves.
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Crude Oil Prices Continue Fall Amid Global Stock Market Slump
Gold Silver Reports (GSR) – Crdue Oil prices fell by around 1% today , coming under pressure from sharp selloffs in global stock markets, with U.S. stocks posting the biggest daily decline since 2011 to wipe out the year’s gains. Front-month Brent crude oil futures LCOc1 were at $75.42 a barrel at 0043 GMT, 75 cents, or 1%, below their last close.
Hecla Reports 2.5 Million Ounces of Silver and 72,995 Ounces of Gold Production in Third Quarter 2018
“Our gold and silver production met our expectations, with gold production increasing due to the addition of two months of production from the Nevada operations and silver production declining due to lower expected grades at Greens Creek,” said Phillips S. Baker, Jr., President and CEO. “We are on track to meet annual production estimates at all operations.
Gold Prices Kiss Over Three-Month High
Gold prices have gained more than 6% after falling in mid-August to their lowest since January 2017 at $1,159.96 an ounce. “Now we have risen above the 100-day moving average (around $1,224), which is key, so maybe we can see it rise to $1,250, which could be the next target,” said Commerzbank analyst Carsten Fritsch.
How HDFC Life, SBI Life, ICICI Prudential differed in their Q2 results
The September quarter (Q2) saw different shades of performance by life insurance companies and the pressure on their unit-linked products was patently visible. In terms of profitability, HDFC Standard Life overshadowed its peers ICICI Prudential Life Insurance and SBI Life in performance.
Rupee Moves Sharply Higher Against Dollar
The rupee moved 42 paise higher against the dollar to hit 73.15 in early trade on Wednesday. Gains in the rupee came a day after crude oil prices registered their biggest single-session fall in three months. Selling of the greenback by exporters amid sharp losses in crude oil prices supported the rupee, say analysts.
Gold Hits Three-Month Peak as Stocks Slide, Palladium at Record
Gold jumped 1 percent to a more than three-month peak on Tuesday, with investors spurred on by a slide in global equities and rising political and economic uncertainty, including concerns over Italy’s spending plans.