Gold Silver Reports (GSR) — Gold Prices Maintain Uptrend on Jewellers’ Buying – Traders said that continued buying by local jewellers in the ongoing wedding season and a firm trend overseas mainly kept the precious metal’s prices elevated.
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Crude Oil Price Holds Near $70 as Trump Dumps Iran Deal
Gold Silver Reports (GSR) – Crude Oil Price Holds Near $70 as Trump Dumps Iran Deal — The U.S. benchmark crude surged above $70 a barrel to start the week as traders speculated on Trump’s next move against the Islamic Republic. The U.S. will be working with its allies to “find a real, comprehensive and lasting solution to the Iranian threat,” Secretary of State Mike Pompeo said in an emailed statement.
Iran Decision: What’s at Stake for Global Oil Market?
Gold Silver Reports (GSR) – Iran Decision: What’s at Stake for Global Oil Market? – He could still surprise the world by agreeing to stay in the accord as diplomats try to negotiate side agreements to address his concerns, but foreign leaders and analysts say the president is likely to exit. That could result in renewed sanctions on the third-largest crude producer in the Organization of Petroleum Exporting Countries.
Karur Vysya Bank Rises As Rakesh Jhunjhunwala Raises Stake In March Quarter
Gold Silver Reports (GSR) – Karur Vysya Bank Rises As Rakesh Jhunjhunwala Raises Stake In March Quarter – Shares of the Tamil Nadu-based private sector lender rose 1.8 percent to Rs 105.85. Well-known investor Rakesh Jhunjhunwala raised his stake in the bank to 3.36 percent versus 3.09 percent in the previous quarter, according to the March shareholding pattern submitted by the bank to stock exchanges.
Iran Opposes Higher Oil Prices, Signaling Divide With Saudis
Gold Silver Reports (GSR) – Iran Opposes Higher Oil Prices, Signaling Divide With Saudis — Brent crude futures surged to almost $75 a barrel on Friday as traders braced for the possible re-imposition of U.S. restrictions on Iran. The Persian Gulf country’s regional arch-rival Saudi Arabia is said to want crude closer to $80 a barrel, in part to support a stake sale in state energy giant Aramco. The OPEC nations continue to clash in proxy conflicts from Syria to Yemen.
JSW Energy Stock Falls After Reposting Surprise Loss In March Quarter
Gold Silver Reports (GSR) – JSW Energy Falls After Reposting Surprise Loss In March Quarter – Shares of the steel producer fell as much as 6.7 percent, the most since March 19, to Rs 76.30 after the company reported an unexpected loss during the March quarter on the back of one-time loss. The company reported a net loss of Rs 483 crore, while the analysts predicted a net profit of Rs 72.79 crore.
Gold (CME) Continues Its Slow Trading
Gold Silver Reports (GSR) – Gold (CME) Continues Its Slow Trading – The silver (CME) prices have been locked in a range for many months now. There was a period of few days when the prices did breach above the $17 mark but that move was met with some strong selling at that time and since then, we have seen the prices drop down below the $17 region which marks its re-entry back into the original range. This is set to continue for the short and medium term as well.