Gold Silver Reports – India’s current account deficit widened from last quarter, with potential to hurt the rupee before an expected rise in interest rates by the U.S. Federal Reserve next week.
Economic
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Stocks Slump as Traders Await Next Week’s Fed Move
Gold Silver Reports (GSR) INDIA – Stocks Slump as Traders Await Next Week’s Fed Move — U.S. stocks fell for the third straight day after lackluster retail sales figures fanned concern that consumer spending is cooling, while traders awaited next week’s rate decision by the Federal Reserve. Ten-year Treasury yields tightened.
India Economy Continues To Rebound :Q3 GDP Data
Gold Silver Reports – India Economy Continues To Rebound :Q3 GDP Data — India’s economy picked up pace in the October-December period as it continues to recover from the twin disruptions of demonetisation and a nationwide goods and services tax.
New Rules for Chit Funds and Deposit Schemes – Gold Silver Reports (GSR)
Gold Silver Reports – New Rules for Chit Funds and Deposit Schemes – Taking advantage of low financial literacy and greed of people looking for higher returns on their investments, many fraudulent deposit schemes and chit funds have collected huge amounts of money and vanished.
Nifty Earnings Must Break Six-Year Jinx To Meet FY19 Forecasts
Gold Silver Reports – Nifty Earnings Must Break Six-Year Jinx To Meet FY19 Forecasts — Analysts expect average earnings of companies in the benchmark Nifty 50 Index to grow at its fastest pace in eight years. To be proven right, they will have to break a six-year jinx.
Gold Prices to Soar on Tax Reforms & Inflation Fuels
Gold Silver Reports – Gold Prices to Soar on Tax Reforms & Inflation Fuels — The Federal Reserve raised rates for the third time in 2017 following the Federal Open Market Committee (FOMC) meeting on 12 December. Since 2015, gold has established a year-end pattern where it becomes oversold ahead of the December Fed rate decision.
Goldman Says Growth Is Bigger Fed-Hike Factor Than Market Thinks
Gold Silver Reports – Investors have been underestimating the importance of U.S. economic growth for Federal Reserve policy, and giving too much relative emphasis to inflation and wage data that have tended to disappoint expectations, according to Goldman Sachs Group Inc.