Gold Silver Reports ⇒ U.S. crudeoil producers reeling from an 18-month price rout have cautiously begun hedging future production this week, fearing this may be their best chance yet to lock in a $45 a barrel lifeline for 2017 and beyond.
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Gold Fields Buy $200 Million of Bonds
Gold Silver Reports → Gold Fields Ltd., a South Africa-based miner of the precious metal, offered to buy back $200 million of bonds for 17 percent less than their original value.
Gold Bears for Years Fed off The Prospects
Gold Silver Reports → Gold bears for years fed off the prospects for higher borrowing costs. Now bulls are thriving in a world where negative rates are becoming commonplace.
WTI Crude Oil Rose Above $31.50 Per Barrel
Gold Silver Reports → Crude Oil producers finally considering output adjustments, crude-oil traders are beginning to see the market finally hitting bottom after long, dramatic declines, but the large supply glut may not be so easy to eliminate.
Iran Support Fine Line over Production Freeze
Gold Silver Reports → Iran has expressed trade support for efforts among oilproducing nations to cap output yet stopped short of joining the pact, trying to decide the best way forward as it re~enters the international market.
U.S. Gulf of Mexico Crudeoil Production Increase to Record High Levels in 2017
Gold Silver Reports → U.S. Gulf of Mexico (GOM) crude oil production is estimated to increase to record high levels in 2017, even as oil prices remain low.
Indians Buy Gold Worth $267 Billion
Gold Silver Reports → At a time when foreigners were investing in Indian equities, Indians were boosting their Gold purchases. The gold greedy Indians bought yellow metal worth $267 billion (Rs. 18 lakh crore at 68 rupees per US dollar) over the last 10 years.
Bullion Gets More Attention From Long Term Bears
Gold Silver Reports → Gold’s rally is being driven as investors start to lose faith in central bankers’ ability to deal with economic challenges, according to Evolution Mining Ltd.’s Jake Klein, who said the metal’s advance has been strong enough to draw attention from long-time bears.
World Gold Council Indicate Improving Fundamentals For Gold
Gold Silver Reports → The fundamental picture according to the data released by the World Gold Council continues to indicate improving fundamentals for Gold.
Barrick Gold Corp Plans to Cut at least $2 Billion
Gold Silver Reports → Barrick Gold Corp plans to cut at least $2 billion this year as the world’s largest producer of the metal seeks to shore up its balance sheet following three annual declines in the price of gold.