JSW Energy Stock Falls After Reposting Surprise Loss In March Quarter

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Gold Silver Reports (GSR) – JSW Energy Falls After Reposting Surprise Loss In March Quarter – Shares of the steel producer fell as much as 6.7 percent, the most since March 19, to Rs 76.30 after the company reported an unexpected loss during the March quarter on the back of one-time loss. The company reported a net loss of Rs 483 crore, while the analysts predicted a net profit of Rs 72.79 crore.             

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Sensex, Nifty Trader Lower In Open

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Gold Silver Reports (GSR) – Sensex, Nifty Trader Lower In Open – Indian equity benchmarks declined for the second day, dragged by technology shares. The S&P BSE Sensex Index fell as much as 0.3 percent to 35,016.48, while the NSE Nifty 50 Index fell as much as 0.3 percent to 10,650.60.

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Gold (CME) Continues Its Slow Trading

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Gold Silver Reports (GSR) – Gold (CME) Continues Its Slow Trading – The silver (CME) prices have been locked in a range for many months now. There was a period of few days when the prices did breach above the $17 mark but that move was met with some strong selling at that time and since then, we have seen the prices drop down below the $17 region which marks its re-entry back into the original range. This is set to continue for the short and medium term as well.                      

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Zinc Slides to Nine-Month Low on LME; Teck signs Annual Zinc Concentrate supply Deals; Nyrstar Earnings Drop 5% in First Quarter

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Gold Silver Reports (GSR) – Zinc Slides to Nine-Month Low on LME; Teck signs Annual Zinc Concentrate supply Deals; Nyrstar Earnings Drop 5% in First Quarter — Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday May 3, with zinc diving to its lowest point since August 2017. Read more in our live futures report.

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South African Gold Producers Reach Lung-Disease Settlement

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Gold Down as Equities Up Ahead of Fed Policy Meeting

Gold Silver Reports (GSR) – South African Gold Producers Reach Lung-Disease Settlement — The agreement provides for compensation for all eligible workers suffering from silicosis or tuberculosis who worked in the companies’ mines at any point since March 1965, the parties said in a statement Thursday. The six producers, which also include AngloGold Ashanti Ltd. and Gold Fields Ltd., last year set aside about 5 billion rand ($390 million) to settle the lawsuit. The settlement will be submitted to South Africa’s South Gauteng High Court for ratification.

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