Gold Silver Reports (GSR) – The rise in gold prices could be attributed to sharp falls in global stock markets that would drive investors to the safe-heaven asset gold, and weakening of the dollar. Despite Trump’s intervention, the dollar was near one-year highs as Fed chairman Jerome Powell said US was poised for several more years of growth, strengthening prospects of rate hikes.
Gold Silver Reports (GSR) – The reference is to the dollar amount of Chinese imports the U.S. accepted in 2017 — $505.5 billion to be exact, compared to the $129.9 billion the U.S. exported to China, according to Census Bureau data.
Gold Silver Reports (GSR) – BJP Gets 3.5 Hours In The Debate, Congress Gets 38 Minutes – As the main mover of the no-confidence motion against the government, the Telugu Desam Party will initiate the debate on it in the Lok Sabha and it has been allocated 13 minutes by the Speaker.
Shares of Wipro Ltd. halted a nine-day rally, its longest winning streak in two weeks. The stock fell as much as 0.6 percent to Rs 284.20, ahead of its earnings announcement.
Gold Silver Reports (GSR) – Rupee Hits All-time Low – Bond traders in India will be keenly watching the rupee’s movement while an auction of Rs 12,000 crore of sovereign debt will also provide cues for next week.
