Gold Silver Reports (GSR) – China’s Financial Opening Is No Gold Rush — This week, Beijing granted additional quotas for domestic funds to invest in overseas securities under the QDII plan, the first time it has done so in three years. At the same time, the government boosted permitted outbound institutional investment from Shanghai and Shenzhen. Meanwhile, Wall Street and other international banks are parsing draft rules on increasing stakes in securities joint ventures after China made good on a late 2017 pledge to ease restrictions.
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Why The Gold, Silver And Commodities Rally Was Crushed
Gold Silver Reports (GSR) – Why The Gold, Silver And Commodities Rally Was Crushed — Gold, silver, the base metals and crude oil were all soaring. But now, less than one week later, prices are falling sharply. And why?
Gold MCX India Under Buying Zone; Support Key @31211—31070
Gold Silver Reports (GSR) – Gold MCX India Under Buying Zone; Support Key @31211—31070 — Gold prices seen pressure as the dollar jumped and U.S. Treasury yields continued to rise on signs of U.S. economic strength and an easing in the U.S.-China trade conflict.
Precious Metals Trader Beats Spoofing Conspiracy Charge
Gold Silver Reports (GSR) – Precious Metals Trader Beats Spoofing Conspiracy Charge — Andre Flotron, 54, was cleared by a federal jury in New Haven, Connecticut, of a single count of conspiracy to engage in commodities fraud. It was the first acquittal in a spoofing-related case since the U.S. outlawed the practice in 2010. He could have faced as long as 25 years in prison if convicted.
Gold Prices Near five-week Low as Higher Dollar By Neal Bhai Reports
Gold Silver Reports (GSR) – Spot gold was up 0.05% at $1,323.66 per ounce at 03.51am GMT (9.21am IST), after falling by as much as 0.9% to $1,318.51 in the previous session, its lowest since 21 March. US gold futures gained 0.1% $1,324.7 an ounce.
Zinc Prices Lead on the Downside, Pressured by Large LME Deliveries
Gold Silver Reports (GSR) – Zinc Prices Lead on the Downside, Pressured by Large LME Deliveries – A 30,075-tonne delivery of zinc into LME-approved warehouses in Antwerp yesterday rattled price sentiment for the metal. The LME’s three-month zinc price closed down by 2.5% or $77 per tonne at $3,135 per tonne on Wednesday, with this weakness filtering through to prices on the SHFE.
Zinc Prices Under Pressure; HKEX appoints Cha as Chairman; Vale’s Base Metals earnings grow 45.7% in Q1
Gold Silver Reports (GSR) – Hong Kong Exchanges and Clearing has appointed local businesswoman and politician Laura Cha as its new chairman of the board, the exchange announced on Thursday. Vale’s base metals business posted a 45.7% increase in its core earnings in the first quarter of 2018 from a year earlier, helped primarily by the higher realized nickel prices during the period, the Brazilian diversified miner said on Wednesday.