Gold Silver Reports — COMEX Copper prices slipped around 1% on Monday as worries about demand from top consumer China were reinforced by expectations of ample supplies and higher inventories in exchange-monitored warehouses. Poor speculative buying at elevated prices also remained a concern.
Gold Silver Reports — Large speculators and traders continued to cut back on their bullish net positions in the WTI crude oil futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
Gold Silver Reports — AUSTRALIA HOUSE PRICES ADVANCE 4.1% ON QUATER IN Q4 — Australia house prices advanced 4.1 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Tuesday, following the 1.5 percent increase in the third quarter. On a yearly basis, prices spiked 7.7 percent, up from 3.5 percent in the three months prior. — Neal Bhai Reports
Gold Silver Reports — GOVERNMENT APPROVES FOUR GST BILLS — The Union Cabinet chaired by Prime Minister Narendra Modi has approved the four Goods and Services Tax (GST) bills – Central GST (CGST), Integrated GST (IGST), Union Territory GST (UTGST) and the compensation bills. The bills were approved by the GST Council after thorough, clause by clause, discussion over 12 meetings held in the last six months.
Gold Silver Reports — MY2017/18 rice production is expected to recover to historical levels with forecasted production of approximately 19.5 million metric tons.This would be a 5 percent increase from MY2016/17 as reservoirs are well above critically low levels that hindered MY2016/2017 rice production.
Gold Silver Reports — Bullion dealers and analysts are divided over which way gold prices are headed even as the wedding season is due to begin mid-April. While some feel that gold price may drop by more than 3% to `27,800 per 10 gm in the short term if rupee continues to remain strong against the dollar, others feel it may firm up in the coming weeks.
