Gold Update

• Gold is weak fundamentally but recent hike in import duty is inviting gold smuggling soon we will see unidirectional trend in Gold

Gold to trade down

Gold is certainly set to test the levels of 25000/- INR in near future

Disclaimer

Gold to trade down

Gold is certainly set to test the levels of 25000/- INR in near future

Disclaimer

Fitch Ratings warns of U.S. credit downgrade from fiscal cliff

Fitch Ratings said that there would be "no fiscal honeymoon" for President Obama, warning early Wednesday that the U.S. probably would lose its AAA credit rating if theWhite House and Congress don't address looming tax increases, spending cuts and the fast-approaching debt ceiling


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Recent gold stock breakout just the beginning

In the first decade of this century, the Van Eck International Investors Gold Fund gave its investors an annualized average return of about 25%

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USA to leave Saudi Arabia behind in terms of crude production

The U.S. Department of Energy recently released a message stating that in 2012 oil production in the country will increase by seven percent. America is opening up its resources and reviewing its energy policy

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Festival Gold Buying Picks Up in India

Indians are buying gold again, stocking up on jewelry during the festival season thanks in part to prices that have come off record levels, said the chairman of the country's largest gold importer, state-run MMTC Ltd

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Oil near $85, before U.S. vote and China parley

Crude-oil futures rose gently Monday as traders continued to assess energy demand following Hurricane Sandy and anxiously awaited the U.S. presidential election and a meeting of China’s leadership

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Heritage Bank of Florida Closed By Regulators

Heritage Bank of Florida, Lutz, Florida, was closed
today by the Florida Office of Financial Regulation and the FDIC was appointed
as receiver. The failed bank was taken over by Centennial Bank, Conway,
Arkansas, under a purchase and assumption agreement with the FDIC

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Heritage Bank of Florida Closed By Regulators

Heritage Bank of Florida, Lutz, Florida, was closed
today by the Florida Office of Financial Regulation and the FDIC was appointed
as receiver. The failed bank was taken over by Centennial Bank, Conway,
Arkansas, under a purchase and assumption agreement with the FDIC

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INR Update

International oil prices and rupee exchange rate have been moving in opposite directions, thus denying the benefit of drop in rates of crude in the international market to the Indian consumers, revealed an Assocham study


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Crude Oil Update

The nation's crude oil supplies fell slightly last week, the government said Wednesday

US crude oil supplies shrank by 100,000 barrels