Gold Silver Reports — Shares of India’s banks may be set for a pullback, according to Vikas Gattani, chief investment officer at Singapore-based fund manager Progress Asia Capital and Advisors Pte.
“In the absence of any sharp uptick in banking credit and a major redressal in the banks’ balance sheets via capital injection or otherwise, we fear that this sector could severely correct if the earnings do not keep pace with expectations,“.
Gold Silver Reports — Australia’s top gold producers are set to take their $5 billion acquisition spree global to secure growth as domestic opportunities fade and bullion’s gains swell their cash piles.
Gold Silver Reports — The London Bullion Market Association this week lifted the veil on how much gold is stored in vaults in the city, which instantly joined a list of the world’s biggest hoards.
Gold Silver Reports — Gold Non-Commercial Speculator Positions: Large speculators sharply advanced their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
Gold Silver Reports — India’s gold demand surged in the June quarter, helped by improved rural sentiment and buying ahead of the 1 July implementation of the Goods and Services Tax (GST).
Gold Silver Reports — Foreign institutional investors (FIIs) pumped around $388 million into Indian shares in July, the lowest since April, staying on the sidelines for signs of recovery in corporate earnings amid concerns over stretched valuations.
