Gold Silver Reports — The gold market rendered a quick dovish read on Federal Reserve Chair Janet Yellen’s prepared testimony to Congress. Yellen said Wednesday that “considerable uncertainty always attends the economic outlook,” citing “uncertainty about when — and how much — inflation will respond to tightening resource utilization.”
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Gold Imports by India Said to More Than Double Ahead of New Tax
Gold Silver Reports — Gold imports by India, the world’s second-biggest user, more than doubled in June from a year earlier amid a rush by jewelers to build up inventories ahead of a tax change.
This Giant Metals Exchange Is Taking on the Gold Elite
Gold Silver Reports — The world’s biggest industrial metals exchange is taking on the most powerful players in the gold market with the launch on Monday of its first futures contract for the commodity since the middle of the 1980s.
Gold Buyers Flee a Month After Their Most Bullish Bet of ‘2017
Gold Silver Reports — A month ago, money managers were the most optimistic on gold this year. Now, they can’t seem to unload bullion fast enough.
How London’s Gold Market, the World’s Largest, Evolved
Gold Silver Reports — After a three-decade hiatus, gold-futures trading is returning to London. It’s the latest change for the city’s bullion market, the world’s biggest for over-the-counter trading, and which until fairly recently had remained largely unchanged for about a century.
Gold at Four-Month Low as U.S. Jobs Rise makes Rate Hike Likely
Gold Silver Reports — Gold fell to the lowest in nearly four months on Friday after stronger than expected United States jobs data increased the likelihood of another U.S. interest rate increase and the dollar rose.
Another Bullion Flash Crash Is Testing Traders
Gold Silver Reports — After-hours surges and plunges that have whipsawed gold and silver prices over the past 2 weeks are unnerving traders.