Gold Silver Reports (GSR) – Global Gold Prices Shine as Trade War Fears Rattle Markets — Gold prices gained as much as 1% on Friday on a faltering dollar and equities as investors scurried to safety after US President Donald Trump moved towards long-promised anti-China tariffs, prompting a strict response from China amid fears of a global trade war.
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Gold Prices Lose Sheen on subdued Global Cues
Gold Silver Reports (GSR) – Gold prices declined by Rs110 to Rs31,180 per 10 grams at the bullion market, tracking a weak trend overseas amid slackened demand from local jewellers. Silver prices also slipped below the Rs39,000-mark by falling Rs150 to Rs38,950 per kg due to reduced offtake by industrial units and coin makers.
India Gold Prices Discounted as Festival Fails to Lure Buyers
Gold Silver Reports (GSR) – India Gold Prices Discounted as Festival Fails to Lure Buyers — Weaker demand in India prompted gold dealers to offer discounts for a 2nd week straight, as a drop in local prices to 2-week lows and a festival-failed to lure buyers.
US Base Metal Import Tariffs Risk?
Gold Silver Reports (GSR) – US Metal Import Tariffs Risk? — अमेरिका ने मेटल पर इंपोर्ट ड्यूटी क्या लगाई, पूरी दुनिया के मेटल मार्केट में भूचाल आ गया है। चीन ने इस कदम पर एतराज जताया है। दरअसल अमेरिका में सबसे ज्यादा एल्युमिनियम का इंपोर्ट होता है और दुनिया में सबसे बड़ा एल्युमिनियम एक्सपोर्टर चीन है। ऐसे में अमेरिका में इसपर 10 फीसदी इंपोर्ट ड्यूटी लगने का बड़ा असर हुआ है। वहीं स्टील पर भी अमेरिका ने 25 फीसदी ड्यूटी लगाई है। स्टील का निकेल और दूसरे मेटल से भी वास्ता है। इस कदम के बाद ग्लोबल मार्केट में ट्रेड वार का खतरा बढ़ा है। ऐसे में कैसी रहेगी मेटल की चाल।
This $8.8 Billion Fund Sees Financial Stress Spurring a Gold Rally
Gold Silver Reports (GSR) – This $8.8 Billion Fund Sees Financial Stress Spurring a Gold Rally — Rising U.S. interest rates, usually bad news for gold, are instead feeding signs of financial stress among debt-laden consumers and helping drive demand for the metal as a haven.
Gold Struggle on Stronger Dollar, Caution ahead of Fed
Gold Silver Reports (GSR) – Gold struggle on stronger dollar, caution ahead of Fed — Gold slipped on Friday as the dollar advanced versus the yen and the euro, but the metal was still looking to post a weekly gain, while silver was set for its biggest weekly rise in 13 months.
Global Gold Prices Rise on Increasing US Protectionism Concerns
Gold Silver Reports (GSR) – Global Gold Prices Rise on Increasing US Protectionism Concerns — Gold prices rose on Wednesday to a one-week high on a weaker dollar following US secretary of state Rex Tillerson’s sudden dismissal, which invigorated concerns of protectionist policies hampering global risk appetite.