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Gold Silver Reports — Deprived Copper showed confidence marking gains of 1.66% in the session gone by. At the time of closing Copper was at Rs 385.25 per kg. On the higher side, Rs 385.60 per kg was noted while on the lower side, Rs 377.35 per kg was tested.
Gold Silver Reports — The operator of some of Europe’s largest copper and zinc mines expects President Donald Trump’s plans to spend on U.S. infrastructure to have much less impact on base-metal prices than the needs of burgeoning middle-class populations in emerging markets.
Gold Silver Reports — Vietnam exported an estimated 1.28 million tonnes of rice in the first three months of the year, earning US$570 million. But the exports were 18 per cent lower in volume and 17.3 per cent lower in value compared to the same period last year. This was reported last week by the Ministry of Agriculture and Rural Development.
Gold Silver Reports — Gold Futures Edges Higher — Gold futures inched higher Friday, adding to weekly gains amid concerns about gridlock in Washington, DC, geopolitical tensions, and slumping equities. Renewed speculation that the Federal Reserve will be very cautious in raising interest rates has also given the precious metal a boost. April gold settled at $1,248.50/oz, up $1.30, or 0.1%, for a weekly gain of 1.5%.
Gold Silver Reports — Crude oil futures edged higher Friday, but posted a third straight weekly loss amid further signs of robust U.S. production. Baker Hughes said the number of active U.S. rigs drilling for oil rose by 21 to 652 rigs this week, having surged higher just about every week this winter. U.S. crude oil inventories are already at record highs. The EIA said Wednesday that stockpiles rose another 4.5 million barrels last week.
Gold Silver Reports — The International Copper Study Group (ICSG) published the latest monthly report showed in December 2016, global copper supply surplus of 17000 tons, the total shortage of 5,500 tons in whole year, was below the supply shortages of 164000 tons for 2015. ICSG data showed that in December last year, the mine produced 1.771 million tons, global mine production capacity reached 2.035 million tons, mining capacity utilization rate was 87%.
Gold Silver Reports — Crude oil futures edged higher Friday, but posted a third straight weekly loss amid further signs of robust U.S. production. Baker Hughes said the number of active U.S. rigs drilling for oil rose by 21 to 652 rigs this week, having surged higher just about every week this winter. U.S. crude oil inventories are already at record highs. The EIA said Wednesday that stockpiles rose another 4.5 million barrels last week.