U.S. Sets Time for Kim-Jong Un Meeting, Plans to Continue Pressure

United States and North Korea Set to Meet Again

Gold Silver Reports (GSR) – U.S. Sets Time for Kim-Jong Un Meeting, Plans to Continue Pressure — Without question, the top priority for both sides is security. As the host country, Singapore will be in charge of ensuring security on roads and in other public facilities, but the United States and North Korea will oversee the safety of their own leaders.

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Gold Spot May Hit $1400 in ‘2019 on `Powerful Fuel’ of Weak Dollar

Gold Spot May Hit $1400 in '2019 on `Powerful Fuel' of Weak Dollar

Gold Silver Reports (GSR) – Gold Spot May Hit $1400 in ‘2019 on `Powerful Fuel’ of Weak Dollar — The precious metal will start to rebound in the final quarter of this year to average $1,375 an ounce in the last three months of next year and could touch a high of $1,400, said Bart Melek, global head of commodity strategy at TD Securities in Toronto. That’s a level last seen in 2013.

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Should You Buy Gold Now? Here’s What Experts Say

Should You Buy Gold Now? Here's What Experts Say

Gold Silver Reports (GSR) – Should You Buy Gold Now? Here’s What Experts Say — Several factors could limit gold’s upside potential for now. On the news front, last week ended with a stronger-than-forecast U.S. jobs report for May, with unemployment continuing to fall but wages rising more than expected, pointing to inflation risks, the bank says. “The U.S. Fed is likely to see this as confirmation that its cycle of rate hikes is appropriate,”          

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HDFC Bank Share Price Slides As Share Limit Increases

Gold Silver Reports (GSR) – HDFC Bank Share Price Slides As Share Limit Increases — Shares of the country’s largest private lender fell as much as 2.5 percent, the most since April 23, to Rs 2,058. Global funds can increase their stake in the Mumbai-based bank by 1.68 percent or 4.3 crore shares, according to NSDL data. At present, they hold 72.3 percent of HDFC Bank, right under the cap of 74 percent for lenders.          

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Dr. Reddy’s Lab Gains After FDA Inspection Concludes

Gold Silver Reports (GSR) – Dr. Reddy’s Lab Gains After FDA Inspection Concludes – Shares of the drugmaker rose as much as 3.8 percent to Rs 2,013.85. The U.S drug regulator concluded inspection at the pharmaceutical company’s Srikakulam Plant with no observations.                     

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Flipkart Deal: Tax Department Will Act Once Walmart Obtains Regulatory Nod

Flipkart Deal: Tax Department Will Act Once Walmart Obtains Regulatory Nod

Gold Silver Reports (GSR) – Flipkart Deal: Tax Department Will Act Once Walmart Obtains Regulatory Nod — E-commerce major Flipkart has shared some details with the income tax authorities on its $16-billion deal with U.S.-based Walmart, but the Income Tax Department will act only after regulatory approvals have been obtained, an official said.                   

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