Gold Silver Reports — The dollar benefited last week from comments from various Federal Reserve officials regarding the potential for an interest rate increase at the March 14-15 FOMC meeting.
Gold Silver Reports — Technically Gold market is under long liquidation as market has witnessed drop in open interest by -2.48% to settled at 6130 while prices down 150 rupees.
Gold Silver Reports — Technically Zinc is getting support at 184.5 and below same could see a test of 181 level, And resistance is now likely to be seen at 188, a move above could see prices testing 190.
Gold Silver Reports ⭐⭐⭐⭐⭐ — Gold prices declined in last week’s trading as the US dollar index (DXY), which measures the greenback’s strength against a basket of six major currencies, rallied. Gold prices fell to a low for the week on Friday, at $1,223 an ounce, the lowest level traded since February 15. At week’s end, however, the contract for April settlement on the COMEX division of the New York Mercantile Exchange ended well off the low of the day at $1,235/ounce. This represented a loss of 1.8% for the week overall.