Gold Silver Reports – Agri markets opened on a subdued note in the New Year as closure of International markets kept export demand low. Prices likely to remain a bit volatile in the short term but are likely to show recovery as exports start recovering amidst a pickup in domestic demand.
Gold Buying Expected By China and Russia
Gold Silver Reports – For 2016, the pace of rate hike in the U.S will decide the fate of yellow metal’s prices. Also, a rebound in oil prices is expected to underpin gold going forward.
Tokyo Trading After The Sankei
Gold Silver Reports – Takata Corp. surged the most in more than a year in Tokyo trading after the Sankei newspaper reported that Japanese automakers may provide support to the air-bag maker to safeguard access to its technology.
The report said the companies may jointly invest in Takata, spread the recall claims against the air-bag maker over several years and postpone their demands for price cuts for parts. Honda Motor Co., the automaker most affected by the recalls, said it’s waiting for the results of the investigation into the root cause of the defect and isn’t planning to extend aid or invest in Takata, according to spokesman Teruhiko Tatebe.
Crude Oil Zoom With Energy Stocks
Gold Silver Reports – Crude oil surged after Saudi Arabia cut diplomatic ties with Iran amid escalating tension between the regional powers, buoying energy shares. Japanese equities slid as the yen held near the highest in more than two months, while U.S. equity-index futures advanced.
Who Loved You
The most memorable people in life will be the friends who loved you when you weren’t very lovable.
Crude Oil will perform in 2016?
Gold Silver Reports:- Outlook The Crude oil market could face many uncertainties heading into 2016, including the pace and volume at which Iranian oil re-enters the market, oil consumption growth, and the responsiveness of non-OPEC production to low oil prices.
“A mix of supply glut, poor demand and changing oil dynamics could keep oil prices under pressure in first quarter of 2016, as countries across the Middle East, Africa and Russia are all pumping oil at record capacity.”
Indian Rupee will perform in 2016?
Gold Silver Reports – There are fears of fund outflows after the Fed rate hike, but broking firm Religare believe that the capital outflows from India due to the U.S rate hike may not be as severe as widely projected. As the rate differential between the 10 year G Sec between India and the U.S is at a high figure of 550 basis points, FIIs may not withdraw funds as feared.