WEEKLY MARKET DIGEST: INDIAN JEWELERS STRIKE TO PROTEST TAX ON GOLD
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
SPANISH YIELDS AGAIN OVER 5.5%
March 23, 2012
Bench mark 10 year bond yields in Spain have risen to 5.53%. This is a stark reminder that problems in Europe may raise their head again and pull down world markets.
India’s jewelers went on strike to protest a hike in taxes on gold imports. There is significant anecdotal evidence that physical demand for gold is falling. India is the world’s biggest gold buyer.
Gold futures are at $1649, silver futures are at $31.63, and oil futures are $105.72.… Please click here or the title below to read more.
March 23, 2012