Gold Silver Reports – Bitcoin climbed past $7,000 for the first time, breaching another milestone less than one month after it tore through the $5,000 mark.
Currencies
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Global Gold Prices Rise as Investors await Fed Chair Announcement
Gold Silver Reports – Gold prices inched up on Thursday, helped by a weaker dollar as investors waited for the nomination of a new US Federal Reserve chair and the unveiling of US tax reform legislation later in the day.
Rupee Opens Lower Against US Dollar
Gold Silver Reports – The Indian rupee on Friday weakened against the US dollar, tracking losses in its Asian peers.
Gold Is Better Than Bitcoin
Gold Silver Reports – Gold Is Better Than Bitcoin – Gold wins out over cryptocurrencies when assessed on the majority of the key characteristics of money, according to Goldman Sachs Group Inc., which adds that fear and wealth are the core drivers of bullion.
IS IT A GOOD TIME TO INVEST IN CRYPTO CURRENCIES?
Gold Silver Reports – Bitcoin, one of the most popular crypto currencies has witnessed volatile bouts in the last one year. If you are planning to invest in such crypto currencies, you should keep the following points in mind.
Rupee Strengthens against US Dollar ahead of RBI Policy
Gold Silver Reports – Indian rupee strengthened against the US dollar ahead of the Reserve Bank of India’s (RBI) bi-monthly policy decision due after 2.30pm on Wednesday.
Rupee Weakens for Sixth Session, Longest Losing Streak Since May 2016
Gold Silver Reports – The Indian rupee weakened for the sixth consecutive session, its longest losing streak since May 2016, on Thursday to hit a fresh six-month low against the dollar following a rout in equities over concerns of fiscal stimulus by the government.