Gold Silver Reports – Glencore Is Close to Creating a Mining Royalty Company – Glencore Plc is close to finalizing a $700 million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty company, according to people familiar with the matter.
India home to 245,000 millionaires, household wealth at $5 trillion: Report
Gold Silver Reports – India’s total household wealth stood at $5 trillion while the country is home to 2,45,000 millionaires, says a Credit Suisse report.
Gold Future Path Looks Distinctly Rocky
Gold Silver Reports – Gold Future Path Looks Distinctly Rocky – Gold may be set on a perilous path as central banks withdraw the liquidity punch bowl that has driven stock markets to record highs.
An Investment-Lite Growth Model?
Gold Silver Reports – An Investment-Lite Growth Model? – Cast your eyes on the accompanying chart. It’s well known now that the International Monetary Fund (IMF) has forecast 6.7% growth in India’s gross domestic product (GDP) this year, which will improve to 7.4% next year and further to 7.8% the year after next. That the slowdown in growth is temporary is indeed good news.
Sluggish Economy Forces L&T to Dim FY18 order Flow Guidance
Gold Silver Reports – In anticipation of strong results for the September quarter, Larsen and Toubro Ltd’s (L&T’s) stock closed 4% higher on Friday. The Street was not wrong, and the diversified conglomerate’s operating performance easily beat estimates.
Nothing to See Here as Gold Held in Tightest Range in Four Years
Gold Silver Reports – Nothing to See Here as Gold Held in Tightest Range in Four Years – The biggest news in the gold market is there’s no news.