Gold Silver Reports ~ Indian gold traders say they are struggling to draw buyers despite offering record discounts over rallying international prices, as consumers wait to see if rates can fall further after the federal budget this month.
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Goldman Sachs; No Believer in Gold Rally
Goldman Sachs Group Inc. is no believer in gold’s rally, predicting losses over the coming year as the Federal Reserve increases U.S. interest rates no fewer than three times. Futures dropped.
Global Crude Oil Demand Growth is Likely to Ease Back
Gold Silver Reports ~ Global oil demand growth is likely to ease back considerably to 1.2 mb/d in 2016 due to notable slowdowns in Europe, China and the United States, according to the newly released IEA Oil Market Report (OMR) for February.
All Eye Focus This Week is on FED Chair Janet Yellen
Neal Bhai Reports ~ The focus this week is on FED Chair Janet Yellen’s testimony before the Committee on Financial Services and Committee on Banking, Housing, and Urban Affairs on the 10th and 11th of February.
Crude Oil Rates Supply Overhang Concerns
Gold Silver Reports ~ Crude Oil rates plunged steeply on Monday as supply overhang concerns grew after a Saudi-Venezuela meeting at the weekend showed few signs of coordination to boost prices.
Gold Spot Kiss Moonshot High as $1,200.60
Neal Bhai Reports ~ Gold Up to near its highest since June on Tuesday, as Uncertainty over global growth that has hammered stocks puts the precious metal on course for its longest rally since 2011.
Gold Prices Soar to 8 Month High Amid Flight to Safety
Gold Silver Reports ~ Gold prices soared to the highest level since June in North America trade on Monday, as retreating oil prices and steep declines in global equity markets underpinned demand for assets perceived as safer.