Gold Silver Reports – Traders Await Fed, ECB – U.S. stocks fluctuated, the dollar rose and Treasuries slipped as investors wait for the year’s final central bank policy moves. The Federal Reserve is expected to raise rates at its meeting on Wednesday and the European Central Bank is expected to reveal details of plans to taper asset purchases on Thursday.
Bitcoin Fascination Feels Like ‘Speculative Mania,’ RBA Says
Gold Silver Reports – Australia’s central bank chief made a scathing assessment of Bitcoin, saying the cryptocurrency that’s soared above $17,000 is more likely to appeal to criminals than consumers.
Crude Oil Tops $65, First Time Hit Since 2015, on UK Pipeline Outage
Gold Silver Reports – Crude Oil Tops $65, First Time Hit Since 2015, on UK Pipeline Outage – Crude Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday following a shutdown of the UK’s biggest North Sea oil pipeline, which helps set the benchmark for global prices.
Cut in Fees for Smelters is a Risk for Domestic Copper Producers
Gold Silver Reports – Cut in Fees for Smelters is a Risk for Domestic Copper Producers | Copper smelters and miners are in a standoff over the annual benchmark rates for copper treatment and refining charges (TC/RCs). India’s custom copper smelters, run by Hindalco Industries Ltd and Vedanta Ltd, will be keenly awaiting the final outcome. Investors should too. These charges are one determinant of their copper division’s profits in the forthcoming fiscal year.
Gold Fields Ghana to Dismiss 1,500 Staff as Contractor Hired
Gold Silver Reports- Gold Fields Ltd.’s unit in Ghana said it will dismiss 1,500 of its own staff as the company is hiring a contractor to operate its biggest mine in the West African nation.
Gold Prices Have Shown Recent Technical Weakness
Gold Silver Reports – Once the Republican tax cuts are signed into law, there is likely to be more upside for equities and further downside risk for the precious metal.
Silver MCX Intraday Report, Below Solid Support Key 36802 Only Sell Sell
Gold Silver Reports – Technically Silver market is under fresh selling as market has witnessed gain in open interest by 2.71% to settled at 23083 while prices down 122 rupees.