Gold Silver Reports (GSR) – Gold Seen Rising as Canadian Miner Eyes Lack of Exploration – “Gold has a much higher probability of moving north as opposed to south,” Letwin said in an interview at a mining conference in Hong Kong on Thursday. “I’ve been around a long time; when you’re in an industry that’s not replacing what it produces, eventually, the Gold price has to move up.”
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SBERbank to Increase Gold Sales to India and China in 2018
Gold Silver Reports (GSR) – Purchases for sales to countries such as China and India go through the bank’s Swiss branch, while most of Sberbank CIB’s gold purchases from Russian gold miners stay within the country.
Eldorado Gold Bounces Back After Hitting Cheapest Level Since 1998
Gold Silver Reports (GSR) – A more than 40 percent plunge this year through Monday took the stock to its cheapest level in two decades on a price-to-book basis, which may have flushed out valuation seekers.
Gold Is Heading to $1400 If Trade War Breaks Out
Gold Silver Reports (GSR) – Bullion could top $1,400 an ounce in 2018 as escalating trade tensions drive investors to havens and the threedecade bull market in bonds nears an end, said Rule, who’s due to speak at a conference in Hong Kong on Wednesday. Spot gold traded at $1,337.50 Tuesday after three straight quarters of gains, while exchangetraded fund-holdings are around the highest in half a decade.
Gold Prices Rise by Rs110 on Global Cues
Gold Silver Reports (GSR) – ⭐⭐⭐⭐⭐ Gold prices rallied by Rs110 to Rs31,460 per 10 gram at the bullion market on Monday, tracking a firm trend overseas amid sustained buying by local jewellers. Silver prices also advanced by Rs175 to Rs39,375 per kg due to increased offtake by industrial units and coin makers.
Global Gold Prices Rise on Renewed US-China Trade Tensions
Gold Silver Reports (GSR) – Gold prices rose on Monday as the dollar eased amid renewed concerns over a trade war after China imposed additional tariffs on US products in response to US duties on imports of aluminium and steel.
Bahrain’s Biggest Crude Oil Find Since 1932 Dwarfs Reserves
Gold Silver Reports (GSR) – Bahrain’s Biggest Crude Oil Find Since 1932 Dwarfs Reserves — The shale oil and natural gas discovered in a deposit off the island state’s west coast “is understood to dwarf Bahrain’s current reserves,” Bahrain News Agency reported, without giving figures. The country currently pumps about 45,000 barrels of crude oil a day from its Bahrain Field, and it shares income from a deposit with Saudi Arabia that produces about 300,000 barrels a day, according to figures from the U.S. Energy Information Administration.