Oil Rose After an Unexpected Drop in Inventories

Gold Silver Reports – U.S. stocks tumbled following their biggest gain in two months, as disappointing results from Walt Disney Co. to Macy’s Inc. raised doubts about the strength of the American consumer. Oil rose after an unexpected drop in inventories, while the dollar fell.

The S&P 500 Index retreated for the first time in four days, while the Dow Jones Industrial Average erased all but five points of its Tuesday advance. Retailers led declines as Disney sank the most since January and Macy’s led a selloff in apparel shares. Energy producers rallied as U.S. oil surged past $46 a barrel. Industrial metals also climbed as Glencore Plc forecast demand will exceed supply. Brazilian shares fell, while the real climbed as the Senate geared up for a vote that could oust the president.

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Stocks Little Up as Commodities Drop

Stocks Little Up as Commodities Drop

Gold Silver Reports — U.S. stocks meandered, with the Dow Jones Industrial Average ticking up to its highest level since July as global equities capped a fifth straight advance on gains in Europe and Asia.

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Dollar Slump Buys Crude Oil, Gold

Dollar Slump Buys Crude Oil, Gold

Gold Silver Reports — U.S. equities fell, erasing gains as what is forecast to be the worst American earnings season since the financial crisis gets under way. The dollar tumbled to a nine-month low, boosting commodity prices.

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Citibank Predict Indian Rupee Will Hold Gains

Citibank Predict Indian Rupee Will Hold Gains

Gold Silver Reports ~ Citibank is predicting India’s rupee will hold much of the gains from what looks set to be its best month in 2 years. The resolve shown by Prime Minister Narendra Modi in seeking to narrow the fiscal deficit to a 9-year low has boosted investor confidence and will probably support capital inflows,

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Crude Oil Slip Weighs on Commodity Currencies

Crude Oil Slip Weighs on Commodity Currencies

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.     

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EUR-USD Extended 5-Month Sharp Gains

EUR-USD Extended 5-Month Sharp Gains

Gold Silver Reports ~ EUR/USD extended sharp gains from the previous session surging to five-month highs, as foreign exchange traders continued to digest a dovish monetary policy decision from the Federal Reserve 24 hours earlier.   

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Gold Price Slip Dollar Up

Gold Price Slip Dollar Up

Gold Silver Reports – Gold prices slipped on Friday as the dollar ticked up and European share markets extended their rally but was heading for a weekly gain as buying surged via exchange traded funds.

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