Gold Silver Reports (GSR) – Crude Oil Pares Rally Amid Signals of Expanding American Crude Surplus — Futures closed 0.3 percent higher in New York on Thursday, wiping away most of the gains made during the session. Data provider Genscape Inc. was said to report inventories at the key pipeline hub in Cushing, Oklahoma, expanded, taking the wind out of a rally earlier driven by an unexpected Arab Light crude price increase by Saudi Arabia, the world’s biggest oil exporter.
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Gold Price Seen ‘Moving North’ as World Fails to Replace Output
Gold Silver Reports (GSR) – Gold Price Seen ‘Moving North’ as World Fails to Replace Output — “Gold has a much higher probability of moving north as opposed to south,” Letwin said in an interview at a mining conference in Hong Kong on Thursday. “I’ve been around a long time; when you’re in an industry that’s not replacing what it produces, eventually, the price has to move up.”
Gold Seen Rising as Canadian Miner Eyes Lack of Exploration
Gold Silver Reports (GSR) – Gold Seen Rising as Canadian Miner Eyes Lack of Exploration – “Gold has a much higher probability of moving north as opposed to south,” Letwin said in an interview at a mining conference in Hong Kong on Thursday. “I’ve been around a long time; when you’re in an industry that’s not replacing what it produces, eventually, the Gold price has to move up.”
SBERbank to Increase Gold Sales to India and China in 2018
Gold Silver Reports (GSR) – Purchases for sales to countries such as China and India go through the bank’s Swiss branch, while most of Sberbank CIB’s gold purchases from Russian gold miners stay within the country.
Eldorado Gold Bounces Back After Hitting Cheapest Level Since 1998
Gold Silver Reports (GSR) – A more than 40 percent plunge this year through Monday took the stock to its cheapest level in two decades on a price-to-book basis, which may have flushed out valuation seekers.
Gold Is Heading to $1400 If Trade War Breaks Out
Gold Silver Reports (GSR) – Bullion could top $1,400 an ounce in 2018 as escalating trade tensions drive investors to havens and the threedecade bull market in bonds nears an end, said Rule, who’s due to speak at a conference in Hong Kong on Wednesday. Spot gold traded at $1,337.50 Tuesday after three straight quarters of gains, while exchangetraded fund-holdings are around the highest in half a decade.
Gold Prices Rise by Rs110 on Global Cues
Gold Silver Reports (GSR) – ⭐⭐⭐⭐⭐ Gold prices rallied by Rs110 to Rs31,460 per 10 gram at the bullion market on Monday, tracking a firm trend overseas amid sustained buying by local jewellers. Silver prices also advanced by Rs175 to Rs39,375 per kg due to increased offtake by industrial units and coin makers.