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Gold Import Shrinks 50 % in First Quarter of 2018

India’s gold imports in the first quarter of this year has dipped by 50 percent to 153 tonne compared to the same period last year due to down-stocking by traders. According to the World Gold Council. The total gold imports are likely to be on similar lines with consumer demand. Which…

Oil Leads for More Sway, While Dollar Will Give Near-Term Triggers

Last week it was noticed that the crude oil prices see-sawed in a range before finishing higher. It was because the number of US oil rigs fell for the first time in seven weeks. It pointed a potential slowdown in domestic oil output. It is estimated that the risk-off move…