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.
Wires
Rusal Sanctions Lifted, But U.S. Aluminum Users Still Face Import Levy
Gold Silver Reports (GSR) – Rusal Sanctions Lifted, But U.S. Aluminum Users Still Face Import Levy — The U.S. Treasury on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminum giant Rusal and its parent En+, despite a Democrat-led push to maintain them.
Crude Oil Rises to $61 on Libyan Supply cut, U.S. inventories – Neal Bhai Reports
Brent crude, the global benchmark, rose $1.07 to $61.27 by 0947 GMT. It has still fallen by almost a third since early October. U.S. crude gained 99 cents to $52.64.
Crude Oil Advances as Russia Shows Willingness to Join Saudis On Cuts
Gold Silver Reports (GSR) Russia wants more predictability and “smooth price dynamics” in world crude markets, Deputy Foreign Minister Sergei Ryabkov said in an interview in Argentina.
Trump Wants Saudi Arabia As An Ally Despite ‘Vicious’ Khashoggi Murder
Gold Silver Reports (GSR) – Under pressure to punish Saudi Arabia for Khashoggi’s death inside the Saudi consulate in Istanbul on Oct. 2, Trump questioned the alleged role of Saudi Crown Prince Mohammed bin Salman, who is known as MbS and is the kingdom’s de facto ruler.
OIL REPORT — 1-U.S. Shale Oil Output to Hit Record High 7.9 Mln Bpd in Dec -EIA
Gold Silver Reports (GSR) – The total oil output from the basins was expected to rise 113,000 bpd, driven largely by increases in the Permian Basin of Texas and New Mexico, where output was forecast to climb by 63,000 bpd to about 3.7 million bpd in December, the U.S. Department of Energy’s Energy Information Administration (EIA) said.
METALS REPORT – Copper Eases Following Disappointing China Loan Growth Data
Gold Silver Reports (GSR) – U.S. President Donald Trump’s top economic adviser Larry Kudlow said on Tuesday that the United States welcomed the resumption of talks with China on trade.