Gold Silver Reports (GSR) – Those topics can be thought as risky events and in the old days, might have led to flights into the safety of the gold.
That’s not to be, as the precious metal is more focused on the rising dollar instead.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Evaluating Dollar, Yen, Franc and Gold as Havens Amid Fear
Gold Silver Reports (GSR ) – What did we witness this past week? There was an unmistakable tumble across the financial system in assets with a ‘risk’ designation. The variety of ‘havens’ similarly rose. This abruptness of this move contradicted the steady deterioration of market activity over the preceding days and weeks.
Stock Market : SBI, Vakrangee, Jet Airways, GAIL, Hindalco, Bosch
Stocks slipped in Asia after the dollar climbed and Treasuries rose, with investors assessing the impact of the latest tit-for-tat in the trade war as well as sanctions on Russia that hit the ruble.
Crude Founders as Trade War Outweighs Iranian Supply Concerns
Futures in New York closed down 0.2 percent on Thursday. Iran is in the midst of a currency collapse, water shortages and deadly street protests as U.S. sanctions isolate the regime and some of the Islamic Republic’s biggest oil buyers look elsewhere for supplies. But the intensifying dispute between the world’s largest economies took center stage, imperiling economic growth.
Crude Oil under pressure as China Fights Back in Trade Dispute – Gold Silver Reports
Gold Silver Reports (GSR) – With bond markets seemingly taking the summer off, the dollar is taking its lead from the direction of the yuan. Since the PBoC decision to raise the reserve requirement ratio last week, the yuan has stabilised but also has begun to edge a touch stronger against the dollar. This is cramping the move higher on the Dollar Index, which is latterly consolidating.
No Bottom in Gold until Trade War Ends – Gold Silver Reports
Gold Silver Reports (GSR) – keep getting the same arguments trying to undermine the existence of a Chinese peg for Gold in yuan terms, despite having clearly provided the rationale for why the Chinese would enforce such a peg and the simple math for why it is now almost exclusively driving the Gold price. Yet people continue to question its existence. To avoid repeating myself any further—and make better use of people’s time for those who already “get it”—the articles below cover all of the issues raised:
Read Alert : China Announces 25% Tariffs on $16 Billion worth of US goods, Including Crude Oil and Cars
Gold Silver Reports (GSR) – The Chinese Ministry of Commerce announces a 25 percent charge on $16 billion worth of U.S. goods, including auto and crude oil.