US EXISTING HOME SALES PULL BACK IN FEBRUARY

Gold Silver Reports — US EXISTING HOME SALES PULL BACK IN FEBRUARY — US existing home sales saw a sharp pullback in the month of February, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales tumbled by 3.7 percent to an annual rate of 5.48 million in February after jumping by 3.3 percent to a rate of 5.69 million in January. — Neal Bhai Reports

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SHARP PULLBACK IN US EXISTING HOME SALES

Gold Silver Reports — Existing home sales in the US witnessed a sharp pullback in the month of February, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales tumbled by 3.7% to an annual rate of 5.48 million in February after jumping by 3.3% to a rate of 5.69 million in January.

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US Dollar

EASES IN EARLY TRADES AGAINST DOLLAR

EASES IN EARLY TRADES AGAINST DOLLAR

Gold Silver Reports — The Indian rupee eased in early trades on Wednesday, 22 March 2017 amid gains in the US currency in global markets. Dollar strengthened against major global currencies hitting the rupee sentiment. Early losses in stock markets and demand for the US currency from importers also weighed on the rupee.

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USDA EXPECTS WEAK INDONESIAN PALM OIL EXPORTS

Gold Silver Reports — US officials have indicated that there is likely to be possible stagnation in Indonesias palm oil exports, with importers seeing better value in rival vegetable oils. The US Department of Agricultures Indonesia bureau, in its first forecasts for palm oil output in the worlds top producing country in 2017-18, pegged it at a record 36.5m tonnes, a rise of 2.5m tonnes year on year.

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JAPAN POSTS TRADE SURPLUS OF 813.389 BILLION YEN IN FEBRUARY

Gold Silver Reports – JAPAN POSTS TRADE SURPLUS OF 813.389 BILLION YEN IN FEBRUARY — Japan posted a merchandise trade surplus of 813.389 billion yen in February, the Ministry of Finance said on Wednesday, following the downwardly revised 1,087.9 billion yen deficit (originally -1,086.9 billion yen) in January.

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