Gold Silver Reports (GSR) – Physical gold market demand in Japan slackened this week as prices rallied, while a market correction towards the latter half of the week lured some buyers back in India and Singapore.
India
India Growth Forecast Cut by Fitch Amid RBI-Government Spat
Economic growth may become a casualty of the tug-of-war between India’s government and its central bank.
Dax Index Below 10940 Level Sell on Rise Only – Sell and Sleep – Neal Bhai (CFA)
Dax Index Below 10940 Level Sell on Rise Only – Sell and Sleep – Neal Bhai (CFA) Technical Power of CFA’s(CHARTRED FINANCE ANALYST)“No Magic, No Miracle, …
India’s Sensex Declines Ahead of Central Bank’s Rate Review
The S&P BSE Sensex declined 0.6 percent, the most in two weeks, to 35,907.31 as of 9:53 a.m. in Mumbai, while the NSE Nifty 50 Index slipped 0.7 percent. Markets across Asia tumbled following the biggest slide on Wall Street since mid-October.
Russia is Expected to Announce Oil Supply Cuts at its Upcoming Meeting on Dec. 6.
U.S. crude prices were further pushed up by an announcement from Canada that Alberta province will force producers to cut output by 8.7 percent, or 325,000 barrels per day (bpd), to deal with a pipeline bottleneck that has led to crude building up in storage. Most of Alberta’s oil is exported to the United States.
Gold Rises as the US and China’s Pause on Tariff Escalation Weighs on the Dollar
Gold Silver Reports (GSR) – Spot gold was up 0.3 percent at $1,225.67 per ounce at 0407 GMT, while U.S. gold futures were up 0.4 percent at $1,230.4 per ounce.
Bonds Face Barrier in India as Banks Sell Into Every Rally
Public-sector banks have cut holdings by a net 290 billion rupees ($4 billion) this quarter, even as sovereign bonds are poised for their first quarterly advance in more than a year.