Gold Silver Reports – PNB Fraud Threatens to Create Liquidity Problems in Gems, Jewellery Sector — The $1.8 billion fraud at Punjab National Bank (PNB) committed by billionaire jeweller Nirav Modi threatens to dry up funding for India’s gems and jewellery industry, as banks move to tighten their loan processes and seek higher collaterals.
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.
Goldman Sachs Group Reiterates “€64.00” Price Target for Danone – Neal Bhai Reports
Gold Silver Reports – Goldman Sachs Group Reiterates “€64.00” Price Target for Danone – Neal Bhai Reports — Goldman Sachs Group set a €64.00 ($79.01) target price on Danone (EPA:BN) in a research report released on Tuesday, January 23rd. The firm currently has a sell rating on the stock.
Rajasthan Sitting over 11.82 Crore Tonne Gold Deposits, Claims GSI
Gold Silver Reports – Rajasthan Sitting over 11.82 Crore Tonne Gold Deposits, Claims GSI — Rajasthan sits over nearly 11.48 crore tonnes of gold deposits and these deposits are mostly concentrated in two cities – Banswara and Udaipur, claims scientists and geologists.
Global Gold Prices Hit 1-Week High on Weaker Dollar ahead of US Data
Gold Silver Reports – Global Gold Prices Hit 1-Week High on Weaker Dollar ahead of US Data — Gold prices rose for a third straight session on Wednesday to hit a one-week high, buoyed by a weaker dollar, while investors awaited US inflation data for clues on the pace of future US interest rate increases.
Dalio’s Bridgewater Boosts Gold Holdings in SPDR, IShares – Goldman Neal Bhai Reports
Gold Silver Reports – Dalio’s Bridgewater Boosts Gold Holdings in SPDR, IShares — Billionaire hedge fund manager Ray Dalio boosted his holdings in the two largest gold-backed ETFs last quarter before prices of the metal capped the biggest annual gain in seven years.
Gold Prices up on Jewellers’ Buying, Global Cues – Goldman Neal Bhai Reports
Gold Silver Reports – Gold Prices up on Jewellers’ Buying, Global Cues – Gold prices rose by Rs50 to Rs31,300 per 10 gram on Tuesday on steady buying by local jewellers and positive global cues. Silver prices too gained Rs50 to Rs39,250 per kg due to increased offtake by industrial units and coin makers.
Global Gold Price Gain on Weaker Dollar ahead of US Inflation Data — Goldman Neal Bhai Reports
Gold Silver Reports – Global Gold Price Gain on Weaker Dollar ahead of US Inflation Data – Gold prices hit a near one-week high on Tuesday, helped by a weaker dollar and as investors awaited US inflation data for clues on the pace of interest rate hikes.