Gold is expected to drop further due to a combination of weakening investor demand for safe-haven assets amid a potential US-China trade deal, and the anticipation of delayed or fewer US interest rate cuts, which reduces the appeal of gold compared to interest-bearing assets. Analysts also point to factors like potential slowing central bank buying and a stronger US dollar as additional downward pressures.
Delhi Leader Kejriwal Took Action to Reduce Air Pollution
Gold Silver Reports ~ In a city where motorists routinely run red lights and drive on the wrong side of the road, many doubted the feasibility of Delhi leader Arvind Kejriwal’s plan to roughly halve the number of cars in India’s capital in a bid to reduce air pollution.
Not A Horrible Day In The Market, But No Sunshine
Gold Silver Reports ~ The stock market closed mixed on Monday, a welcome respite from what has been the worst start to a year ever on Wall~Street, though the plunge in oil continued and sent crude rates to levels last seen in 2003. Stocks initially shrugged off more turbulence in the mainland China stock market overnight, where shares plunged 5.3% after last week’s 10% drubbing on growth fears, and jumped at the open only to see the gains evaporate at midday and then recover again late in the session.
A Little Nut
The greatest oak was once a little nut who held its ground.
Middle East Tensions, Support For Gold
Gold Silver Reports ~ The first week of the new year was an exceptionally volatile one with Crude Oil dropping to new 13-year lows as the oversupply worries continue to worsen. Precious Metals finally broke out of its month long trading range as rallied to $1100.0 whereas Silver largely remained in the same range.
Stocks Slip With Crude Oil
Gold Silver Reports ~ Stocks extended last week’s global rout, oil dropped and the South African rand led a slump in emerging-market currencies as China’s efforts to stabilize the yuan failed to halt losses in equities.