Money Market Heads Up!

Gold Silver Reports (GSR) – Money Market Heads Up! — Indian bonds are likely to trade in a range amid declining volumes with most investors awaiting the government’s record $93 billion borrowing program which will kick off early next month.

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Rupee Slips Against U.S. Dollar

Rupee opened lower at 64.92 per U.S. dollar against yesterday’s close of 64.83. -Rupee Slips Against U.S. Dollar 

Stocks Slump as Traders Await Next Week’s Fed Move

US Federal Reserve

Gold Silver Reports (GSR) INDIA – Stocks Slump as Traders Await Next Week’s Fed Move — U.S. stocks fell for the third straight day after lackluster retail sales figures fanned concern that consumer spending is cooling, while traders awaited next week’s rate decision by the Federal Reserve. Ten-year Treasury yields tightened.

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Bitcoin’s Premium to Gold Looks Set to Get Hit by Fed Hikes

Gold Silver Reports (GSR) – Bitcoin’s Premium to Gold Looks Set to Get Hit by Fed Hikes — Bitcoin’s soaring premium to gold is being eroded as the digital currency faces regulatory scrutiny and lower demand. The convergence is likely to accelerate with help from the Federal Reserve, according to Mike McGlone, a strategist at Bloomberg Intelligence, who says rate hikes have marked bitcoin tops and gold bottoms.

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