Gold Silver Reports → Gold bears for years fed off the prospects for higher borrowing costs. Now bulls are thriving in a world where negative rates are becoming commonplace.
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WTI Crude Oil Rose Above $31.50 Per Barrel
Gold Silver Reports → Crude Oil producers finally considering output adjustments, crude-oil traders are beginning to see the market finally hitting bottom after long, dramatic declines, but the large supply glut may not be so easy to eliminate.
Iran Support Fine Line over Production Freeze
Gold Silver Reports → Iran has expressed trade support for efforts among oilproducing nations to cap output yet stopped short of joining the pact, trying to decide the best way forward as it re~enters the international market.
U.S. Gulf of Mexico Crudeoil Production Increase to Record High Levels in 2017
Gold Silver Reports → U.S. Gulf of Mexico (GOM) crude oil production is estimated to increase to record high levels in 2017, even as oil prices remain low.
Indians Buy Gold Worth $267 Billion
Gold Silver Reports → At a time when foreigners were investing in Indian equities, Indians were boosting their Gold purchases. The gold greedy Indians bought yellow metal worth $267 billion (Rs. 18 lakh crore at 68 rupees per US dollar) over the last 10 years.
Bullion Gets More Attention From Long Term Bears
Gold Silver Reports → Gold’s rally is being driven as investors start to lose faith in central bankers’ ability to deal with economic challenges, according to Evolution Mining Ltd.’s Jake Klein, who said the metal’s advance has been strong enough to draw attention from long-time bears.
World Gold Council Indicate Improving Fundamentals For Gold
Gold Silver Reports → The fundamental picture according to the data released by the World Gold Council continues to indicate improving fundamentals for Gold.