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.
Gold Silver Reports — It’s hard to keep 1.1 billion gold-loving people from buying the metal they trust most. A poll by the World Gold Council last year found that 63% of respondents in India agreed with the statement “I trust gold more than the currencies of countries.” More importantly, 73% agreed with the statement “gold makes me feel secure for the long-term.” Compare that with the small minority of citizens in the United States that own gold or follow the gold market closely. India is clearly dedicated to owning more gold.
Gold Silver Reports — China may hold the global population title longer than expected if it goes ahead with a plan to pay families to have a second child.
Gold Silver Reports — India and Russia are nearing a joint venture to make light helicopters in India, reviving a plan announced by Russian President Vladimir Putin in 2015.
Gold Silver Reports — India has stepped up its lobbying effort against moves in the U. S. Congress to impose curbs on visas for skilled workers that threaten the South Asian nation’s tech sector, which employs more than 3.5 million people.
Speaking to Reuters, Trade Minister Nirmala Sitharaman said New Delhi had reached out to the administration of President Donald Trump to stress the importance of India’s $150-billion IT services industry to U.S. citizens.
Gold Silver Reports — Looking for the best carry trade in currency markets? The Taiwan dollar leads the pack. With global currency volatility near a three-month low, conditions are supportive for carry trading in emerging currencies from the Brazilian real to the Thai baht and Russian ruble. The Taiwan dollar trade has outperformed this year, defying concerns that U.S. President Donald Trump may impose protectionist policies that hurt the island’s exports, which are critical to its economy. Overseas shipments have actually been growing. Taiwan also recently raised its 2017 economic growth forecast, and its financial markets are sizzling.
Gold Silver Reports — The Indian rupee on Thursday strengthened for the 2nd consecutive session against the US dollar, after local equity markets gained for the fourth session.