Gold Silver Reports ~ Chinese shares fell into a bear market for the second time in seven months, wiping out gains from an unprecedented state rescue amid waning confidence in the government’s ability to manage the country’s markets and economy.
World Market
Crude Slip Under $30 Barrel for the 1st Time in 12 Years
Gold Silver Reports ~ Crude Oil dropped below $30 a barrel in New York for the first time in 12 years on concern that turmoil in China’s markets will curb fuel demand.
Middle East Tensions, Support For Gold
Gold Silver Reports ~ The first week of the new year was an exceptionally volatile one with Crude Oil dropping to new 13-year lows as the oversupply worries continue to worsen. Precious Metals finally broke out of its month long trading range as rallied to $1100.0 whereas Silver largely remained in the same range.
Stocks Slip With Crude Oil
Gold Silver Reports ~ Stocks extended last week’s global rout, oil dropped and the South African rand led a slump in emerging-market currencies as China’s efforts to stabilize the yuan failed to halt losses in equities.
Budget 2016: Agri Equipment Bank Top Recommendations
Gold Silver Reports ->> India is gearing up for Union Budget 2016 which attracts much attention as expectations are high amidst global commodity price slump and volatile economy. Arun Jaitley, Union Finance Minister, has been presented with many pre-budget recommendations including the proposal for improving the farm sector.
India Market To Lead South Asian Economy
Gold Silver Reports – Narendra Modi Government have another reason to boast of their governance as the latest World Bank report forecasts faster growth rate for India in FY 2016-17. The report says the South Asia region, led by India, is projected to be a bright spot.
Indian Agri Markets Weak Trend
Gold Silver Reports – Trend looks weak for the Agri sector as fall in International markets across most sectors are likely to pressurize Indian market sentiments also. Short term trend looks slight weak for the time being even as traders expect the trading activities to pick up in coming weeks.