Gold Silver Reports → The fundamental picture according to the data released by the World Gold Council continues to indicate improving fundamentals for Gold.
World Market
Barrick Gold Corp Plans to Cut at least $2 Billion
Gold Silver Reports → Barrick Gold Corp plans to cut at least $2 billion this year as the world’s largest producer of the metal seeks to shore up its balance sheet following three annual declines in the price of gold.
Crude Oil , Currencies Follow Chart
Gold Silver Reports → While Asia imports the bulk of the crudeoil it uses, cheaper crude does little to boost the region’s currencies. Crude Oil rates …
Federal Reserve Policy Makers Debating Report
Gold Silver Reports → Federal Reserve policy-makers debating their outlook for interest-rates last month expressed concern that the fall in commodity prices and the rout in financial markets increasingly posed risks to the U.S. economy.
Fed Minutes Offer Some Support
Gold Silver Reports → Federal Reserve officials are already signaling why they might lower forecasts for growth, inflation and the path of future interest~rates when they meet next month.
China’s Bad Loan Ratio Climbed to 1.67 Percent
Gold Silver Reports → Soured loans at Chinese commercial banks rose to the highest level since June 2006 as the nation’s economic expansion slowed to the weakest pace in a quarter century.
European Central Bank President Draghi Speaks
Gold Silver Reports – Mario Draghi (born 3 September 1947) is an Italian banker and economist who has been governor of the Bank of Italy and succeeded Jean Claude Trichet as President of the European Central Bank starting November 2011.