Gold is losing altitude in Asia, having repeatedly failed to take out the 50-day exponential moving average (EMA) last week.
India
Red Alert — Russia is About to Sell a US Ally Billions of Dollars in Weapons, and Trump May Have to Respond – Gold Silver Reports
India Prime Minister Narendra Modi will sit down with Russian President Vladimir Putin in New Delhi this week to sign billions of dollars worth of arms deals.
Ahead of Vijayadashami, 210-Feet Tall Ravan Effigy Being Built in Panchkula, to be Erected on Oct 15
Chandigarh: Ahead of Vijayadashmi 2018, a 210-feet tall effigy of Ravan is being built in Panchkula. As many as 40 workers are working on the effigy which will have a 50-feet long sword. The effigy will be erected on October 15.
Crude Oil Price Rally Hits Asia Where It Hurts
Rising oil prices are pushing up prices for fuels in Asia, and this is coming at a bad time; many Asian currencies are depreciating as economic growth falters.
India Set to Overtake Japan as No. 3 Economy by 2030
Gold Silver Reports (GSR ) — Fresh off its climb to No. 6 in the world as of 2017, India’s economy is forecast to take the No. 3 spot by 2030, according to a report by HSBC Holdings Plc.
India Current Account Deficit Widened to 2.4 percent – Gold Silver Reports
Gold Silver Reports (GSR) – India current account deficit widened to 2.4 percent of the gross domestic product in April-June from 1.9 percent in the previous quarter, according to the RBI data released on Friday. That was mainly due to a higher trade deficit because of rising fuel prices.
How A Weaker Rupee Will Impact India Inc. – Gold Silver Reports
Gold Silver Reports (GSR) – As the rupee remains below the 70 mark to a dollar, having weakened the most among Asian peers so far this year, analysts said it’s expected to boost earnings for software exporters and pharmaceutical companies and hurt sectors with high dollar-denominated debt.