Gold Silver Reports – Technically Zinc MCX market is under long liquidation as market has witnessed drop in open interest by 7% to settle at 9453.
Gold-Coin Sales Drop to Decade Low as Retail Buyers Flee
Gold Silver Reports – These days, even coin collectors have turned sour on bullion. Sales of gold coins in the first nine months of the year shrank to the lowest in a decade, U.S. Mint data show.
Bond Party Set to Cool in India Amid Inflation, Fiscal Risks
Gold Silver Reports – Bond Party Set to Cool in India Amid Inflation, Fiscal Risks – The bull run in Indian sovereign bonds is petering out as accelerating inflation and the risk of worsening public finances cloud the outlook for Asia’s highest-yielding securities.
Kobe Steel Says It Falsified Data on Some Aluminum, Copper Parts
Gold Silver Reports – Kobe Steel Co. Ltd. said on Sunday that it had falsified data related to strength and durability of some aluminum and copper parts products to make them look as if they met client quality standards.
A Commodity Superpower Asks What If India Is the Next China?
Gold Silver Reports – A Commodity Superpower Asks What If India Is the Next China? – India has the potential to boost consumption of everything from copper to iron ore as its economy expands over the next two decades and more people flock to its cities, according to projections from the Australian government that try to fathom whether the country will emulate China.
Inside the Saudi King’s 1,500-Person Entourage in Moscow
Gold Silver Reports – Saudi King Salman bin Abdulaziz brought 1,500 people, a golden escalator and his own carpets on his historic, four-day state visit to Russia, a person familiar with the matter said.