Gold Silver Reports ~ Crude Oil fell for a 2nd day, extending declines from a three-month high, as a rebound in U.S. drilling adds to signs producers will keep pumping crude amid a global glut.
India’s Loan Growth Has Few Believers
Gold Silver Reports ~ A rebound in loan growth to a 20-month high sounds like good news for Indian banks as they struggle to shake off the impact of a surge in bad debts. But a deeper dive into the reasons behind the revival shows it may be unsustainable.
Pain of The Past
Release the pain of the past and allow karma to kick your offender’s body. – Karen Salmansohn
India’s Sensex Completes Longest Run, Stocks 10 Week High
Gold Silver Reports ~ Indian stocks advanced to a 10-week high, with the benchmark gauge capping a 3rd week of gain, as risk appetite returned to developing markets after global central banks indicated a willingness to continue measures to support growth and stabilize markets.
India Jewelers End Strike Against New Excise Tax
Gold Silver Reports ~ Jewelers in India, the world’s 2nd-biggest gold consumer, ended a strike to protest against a new tax announced in the budget after the government assured them the charges won’t lead to harassment by authorities.
Crude Slip on Friday After The U.S Oil Rig Count Rose
Gold Silver Reports ~ Crude prices settled lower on Friday after the U.S oil rig count rose for the first time since December, renewing worries of a supply glut after an output freeze plan helped boost the market to 2016 highs and multi-week gains.
Gold Slip on Friday for Weekly Gain on Fed Rate Report
Gold Silver Reports ~ Gold Slip on Friday, as the dollar steadied above a five-month low, but the metal remained on track for a weekly gain after the Federal Reserve scaled down rate hike expectations.