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Gold Silver Reports ~ Crude oil fell, extending declines below $40 a barrel as the dollar reasserted itself following last week’s selloff and data showed the first increase this year in the number of U.S. rigs. Australian stocks swung between gains and losses.
Gold Silver Reports ~ Crude Oil fell for a 2nd day, extending declines from a three-month high, as a rebound in U.S. drilling adds to signs producers will keep pumping crude amid a global glut.
Gold Silver Reports ~ Jewelers in India, the world’s 2nd-biggest gold consumer, ended a strike to protest against a new tax announced in the budget after the government assured them the charges won’t lead to harassment by authorities.
Gold Silver Reports ~ Crude prices settled lower on Friday after the U.S oil rig count rose for the first time since December, renewing worries of a supply glut after an output freeze plan helped boost the market to 2016 highs and multi-week gains.
Gold Silver Reports ~ Gold Slip on Friday, as the dollar steadied above a five-month low, but the metal remained on track for a weekly gain after the Federal Reserve scaled down rate hike expectations.
Gold built on gains from the previous day’s surge on Thursday, as investors continued to react to a surprising move from the Federal Reserve to lower its interest rate forecast for the near-term future.
Gold Silver Reports ~ A jewelers’ strike in India, the world’s biggest gold consumer after China, to oppose a proposed excise tax has extended into its 3rd week as the industry intensified protests by conducting rallies Thursday in the capital, New Delhi, India.