Indian Economy on Recovery Path

Gold Silver Reports — Ahead of the meeting of finance ministers and central bank governors of G20, the IMF said India’s economy is on a recovery path while cautioning that any deceleration in the pace of reforms will weigh on growth.

In a surveillance report released on Thursday, the IMF said lower oil prices, positive policy actions and improved confidence have helped India’s growth prospects. 

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Glut Adds More Pain to US Crude Oil

Glut Adds More Pain to US Crude Oil

Gold Silver Reports — A glut of refined products has worsened the alreadygrim report for US crude oil for the rest of the year and the first half of 2017, traders warned this week, as the spread between nearterm and future delivery prices reached its widest in five months. 

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Gold Rebounded From a Three-Week Low

Gold Rebounded From a Three-Week Low

Gold Silver Reports – Gold rebounded from a three-week low after the European Central Bank said it may add stimulus as needed once it has a clearer picture of the Brexit vote’s economic impact.

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Silver Expected Trading Zone 45385-47050

Silver Expected Trading Zone 45385-47050

Gold Silver Reports — Silver on MCX settled down -2.02% at 46072 on higher equities and as the dollar hit a four-month high following strong US economic data, which raised expectations that the Fed may raise rates before the end of the year.

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Food Prices may Stay Put till Diwali

Gold Silver Reports — If Diwali was a little later this year, it may have helped consumers. In all likelihood, food prices will start to ease as the harvest comes to an end in November.

Thanks to a good monsoon and kharif sowing, prices of essential food items are expected to hold steady till the start of the harvest season and reduce marginally after that.However, overall food prices are higher now than during the festival season last year.

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