Gold Silver Reports (GSR) – Navkar Corp Surges After NCLT Approves Scheme Of Amalgamation — The Mumbai-based logistics services provider rose as much as 17 percent to Rs 177 after the NCLT, Mumbai approved scheme of amalgamation of Navkar Terminals into Navkar Corporation, the company said in an exchange notification on Saturday.
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Bahrain’s Biggest Crude Oil Find Since 1932 Dwarfs Reserves
Gold Silver Reports (GSR) – Bahrain’s Biggest Crude Oil Find Since 1932 Dwarfs Reserves — The shale oil and natural gas discovered in a deposit off the island state’s west coast “is understood to dwarf Bahrain’s current reserves,” Bahrain News Agency reported, without giving figures. The country currently pumps about 45,000 barrels of crude oil a day from its Bahrain Field, and it shares income from a deposit with Saudi Arabia that produces about 300,000 barrels a day, according to figures from the U.S. Energy Information Administration.
Crude to Rise in 2018
Gold Silver Reports – Crude prices are likely to rise this year thanks to supply disruptions and an OPEC-led deal to limit production, but doubts over the future of compliance with the multilateral agreement and rising U.S. production could stem the upward momentum.
Gold Forges Its Best Run Since 2011
Gold Silver Reports (GSR) – Gold bulls are finding 2018 offers plenty of reasons to be cheerful. Bullion’s wrapping up a third quarterly gain, a feat not seen since 2011, and exchange-traded fund holdings are near the highest in a half-decade. Haven demand may also get a boost with foreign-policy hawks in the ascendant in Washington.
Need More Clarification, Says Hemindra Hazari
Gold Silver Reports (GSR) – Need More Clarification, Says Hemindra Hazari — The main question is “whether the board was aware that Chanda Kochhar’s husband has business dealings with the Videocon group,” said Independent Banking Analyst Hemindra Hazari.
Global Gold Prices Steady as North Korea, Global Trade Concerns Ease
Gold Silver Reports (GSR) — Global Gold Prices Steady as North Korea, Global Trade Concerns Ease – Gold prices held largely steady on Thursday, a day after posting its biggest one-day percentage fall in nearly 9 months, as tensions over North Korea and global trade eased.
Global Gold Prices steady as Trade War Tensions Ease
Gold Silver Reports (GSR) – Gold prices were little changed on Wednesday after falling in the previous session as concerns about a potential trade war between US and China eased which supported the dollar and reduced the incentive to hold bullion as a safe-haven asset.