Gold Silver Reports – If there’s one thing that can be said about this market, it’s that anything can happen in the last hour of trading. Today was a case in point. After spending most of the day in positive territory, and picking up steam after the Federal Reserve released the minutes from the last meeting of the Federal Open Market Committee, things got ugly.
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Crude Oil Eases as Dollar Rises, U.S. Inventories Expected to Rise
Gold Silver Reports – Crude Oil Eases as Dollar Rises, U.S. Inventories Expected to Rise — Crude Oil prices eased on Wednesday, weighed down by a rebound in the U.S. dollar from three-year lows hit last week and by an expected rise in U.S. crude production.
AngloGold to Revive Ghana Mine That Battled Illegal Miners
Gold Silver Reports – AngloGold to Revive Ghana Mine That Battled Illegal Miners — AngloGold Ashanti Ltd. will reopen its idled Obuasi mine after Ghana approved a plan to redevelop the asset as a more profitable, mechanized operation.
U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China
Gold Silver Reports – U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China — The flood of U.S. oil exports stepped up a gear on Monday after the first fully laden supertanker sailed from an American port, alleviating a bottleneck that’s limited overseas shipments.
Israel to Export Natural Gas to Egypt in $15 Billion Deal
Gold Silver Reports – Israel to Export Natural Gas to Egypt in $15 Billion Deal — The lead partners in Israel’s largest gas fields said they signed a $15 billion export deal with Egypt, adding an economic dimension to what until now has been a security-focused relationship between former regional rivals.
Rough Diamond Imports up 11% in April-January Period: GJEPC
Gold Silver Reports – Rough diamond imports up 11% in April-January period: GJEPC — Imports of rough diamonds have increased by 11.11% to $15.53 billion during the April-January period of the current fiscal, according to Gems and Jewellery Export Promotion Council (GJEPC). The imports had aggregated to $13.97 billion in the 10-month period of last fiscal, 2016-17.
$1.8 Billion PNB Fraud Threatens to Create Liquidity Problems in Gems, Jewellery Sector
Gold Silver Reports – PNB Fraud Threatens to Create Liquidity Problems in Gems, Jewellery Sector — The $1.8 billion fraud at Punjab National Bank (PNB) committed by billionaire jeweller Nirav Modi threatens to dry up funding for India’s gems and jewellery industry, as banks move to tighten their loan processes and seek higher collaterals.