Gold Silver Reports — Eurozone private sector growth hit a fresh six-year high in April, survey results from IHS Markit showed Friday.
Economic
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U.S. Strikes Syria After Gas Attack, Raising Russia Stakes
Gold Silver Reports — The U.S. launched dozens of missiles at Syria after accusing the regime of Bashar al-Assad, a Russian ally, of killing scores of civilians with poison gas, an act President Donald Trump called “an affront to humanity.”
The Trump Rally is Starting to Unravel
Gold Silver Reports — As President Donald Trump himself used to say on the campaign trail….
“Politicians are all talk and no action,” and..
“If you don’t deliver the goods, people will eventually catch on.” – Trump in the Art of the Deal
US GDP Ticks Upward At 2.1% In Q4 2016
Gold Silver Reports — The US grew at a 2.1% pace in the fourth quarter of last year. Gross domestic product (GDP), came in a bit stronger than the previously reported 1.9% annual rate owing to higher spending on gasoline and travel-related services, the government said Thursday.Consumer spending was revised up to a 3.5% increase from 3%, largely accounting for the upward revision to fourth-quarter GDP.
Petrolium Imports From OPEC Up 19% In 2016
Gold Silver Reports — The volume of petroleum import from OPEC countries averaged 3.445 million barrels per day as of 2016, as compared to average 2.894 million barrels per day in 2015, according to the Monthly Energy Review of the US Energy Information Administration (EIA). This accounts for a spurt of around 19%.
Gold Under Stress Following Upbeat US Consumer Confidence Data
Gold Silver Reports — Gold slipped from its one month high as positive undertone in equities and sound US economic data pulled the metal lower. COMEX Gold is currently quoting down 0.48% at $1253 per ounce. MCX Gold futures are also down 0.60% at Rs 28675 per 10 grams. US stocks moved mostly higher over the course of the trading session on Tuesday. With the upward move on the day, the Dow managed to end an eight-session losing streak.
INDIA LEADING INDEX CLIMBS FOR THIRD MONTH IN FEBRUARY
Gold Silver Reports — Indias leading index, an indicator signaling turning points in the Indian economy, rose 1.3 percent month-over-month in February, following a revised 1.0 percent gain in the prior month, the Conference Board said Wednesday. Out of the eight components, five contributed positively to the headline index in February.
US EXISTING HOME SALES PULL BACK IN FEBRUARY
Gold Silver Reports — US EXISTING HOME SALES PULL BACK IN FEBRUARY — US existing home sales saw a sharp pullback in the month of February, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales tumbled by 3.7 percent to an annual rate of 5.48 million in February after jumping by 3.3 percent to a rate of 5.69 million in January. — Neal Bhai Reports
JAPAN POSTS TRADE SURPLUS OF 813.389 BILLION YEN IN FEBRUARY
Gold Silver Reports – JAPAN POSTS TRADE SURPLUS OF 813.389 BILLION YEN IN FEBRUARY — Japan posted a merchandise trade surplus of 813.389 billion yen in February, the Ministry of Finance said on Wednesday, following the downwardly revised 1,087.9 billion yen deficit (originally -1,086.9 billion yen) in January.
GOLD SEES MILD SELLING AHEAD OF FED SPEAKERS
Gold Silver Reports – Gold dropped a little on profit selling today as investors turned their eyes to comments from several Federal Reserve officials. Gold futures consolidated a little yesterday as poor speculative demand capped the metal.