Gold Silver Reports – India’s ‘Grey Market’ in Gold Jumps 80% on Tax, New Rules – INDIA’s gold market has seen a surge in “unofficial” supplies according to analysts, defying the government’s push to tax and regulate the world’s second-heaviest consumer demand for the metal.
Gold ETFs add 9.1 tonnes in November
Gold Silver Reports – Gold ETFs add 9.1 tonnes in November – The World Gold Council has reported that gold ETFs saw net inflows amounting to 9.1 tonnes of gold ($393 million) during November, bringing total holdings to 2,357t ($8.5 billion).
The Whole World Is Paying the Price for Cleaner Air in China
Gold Silver Reports – The Whole World Is Paying the Price for Cleaner Air in China – China’s war against smog is lifting prices for energy all over the world, according to analysts at Goldman Sachs Group Inc. and the International Energy Agency.
Gold Traders Are ‘Jaded’ to Global Fears Ahead of Expected Fed Hike
Gold Silver Reports – Gold Traders Are ‘Jaded’ to Global Fears Ahead of Expected Fed Hike – In the face of a rapidly changing world, gold investors appear to be focusing more on the strength of the global economy and are becoming less sensitive to turmoil.
India’s Current Account Deficit Shrinks More Than Estimated
Gold Silver Reports – India’s current account deficit narrowed more than estimated last quarter, which could help the rupee before an expected rise in interest rates by the U.S. Federal Reserve.
For the First Time in Nine Months, the Market Expects Two Fed Hikes in 2018
Gold Silver Reports – For the First Time in Nine Months, the Market Expects Two Fed Hikes in 2018 – On the eve of Janet Yellen’s 2nd-last Federal Open Market Committee meeting as chair of the U.S. central bank, before handing over the reins to Jerome Powell, investors are showing the most confidence in nine months toward the prospect of higher interest rates next year.
U.S. Is Ready to Talk to North Korea ‘Anytime,’ Tillerson Says
Gold Silver Reports – The U.S. is prepared to negotiate with North Korea without preconditions, but the Trump administration would first want a “quiet period” without nuclear or missile tests for discussions with Kim Jong Un’s regime to begin, Secretary of State Rex Tillerson said.