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Gold Silver Reports (GSR) – European and Asian stock markets were mostly weaker overnight. U.S. stock indexes are pointed toward lower openings when the New York day session begins. There is some risk aversion in the marketplace to start the trading week, which is also benefitting the safe-haven gold and silver markets.
Live Commodity News
US Ban May offer India and China Feast of Cheap Venezuelan Oil – Gold Silver Reports
If the US decides to deploy a slate of sanctions that it’s said to have drafted against the Latin American nation, American refiners — the No. 1 consumer of Venezuelan crude exports — would be forced to cease purchases.
Investing in gold? Go the bond way
Gold Silver Reports (GSR) – The Reserve Bank of India (RBI) on Friday announced series 5 of the sovereign gold bond scheme for this financial year.
Gold Bond Scheme 2018-19 – Series Launched, Nominal Value of the Bond is Fixed @ Rs 3,214 per gram
The new series of sovereign gold bonds opened for subscription today and will close on 18 January. The date of issuance will be 22 January.
Gold Eases on Stronger Equities – Dollar – Gold Silver Reports
Gold Silver Reports (GSR) —Spot gold fell 0.25 percent to $1,288.45 per ounce by 2:10 p.m. EST. U.S. gold futures settled $2.90 lower to $1,288.40.
Govt Fixes Rs 3,214 per gram Price For Next Series of Gold Bonds
“Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode,” RBI said in a statement.
Two Big Producers just Called the Bottom on Crude oil: $60 a Barrel
Gold Silver Reports (GSR) – Oman oil minister Mohammed Al-Rumhi told Bloomberg TV that the agreement between the Organization of Petroleum Exporting Countries (OPEC) and partners including Russia and Oman can sustain prices at $60 a barrel.