Gold Silver Reports — Gains that sent Indian stocks to a record are at risk of reversing as investors ignore the possibility of earnings disappointments in the wake of Narendra Modi’s currency clampdown, according to UBS Group AG.
TRADERS ANTICIPATE STRONG SURGE IN US SOYABEAN AND CORN PLANTATION FOR MY2017/18
Gold Silver Reports – According to market sources, the USDA will issue their Prospective Plantings Report on March 31st. This is their first acreage estimate based on farmer surveys and there is always a lot of speculation at this time of the year as to what the report may say.
Copper Shows Strength, Closes Above INR 380 On Wednesday
Gold Silver Reports — The International Copper Study Group (ICSG) published the latest monthly report showed in December 2016, global copper supply surplus of 17,000 tons, the total shortage of 5,500 tons in whole year, was below the supply shortages of 164,000 tons for 2015.
INDIA LEADING INDEX CLIMBS FOR THIRD MONTH IN FEBRUARY
Gold Silver Reports — Indias leading index, an indicator signaling turning points in the Indian economy, rose 1.3 percent month-over-month in February, following a revised 1.0 percent gain in the prior month, the Conference Board said Wednesday. Out of the eight components, five contributed positively to the headline index in February.
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
RUSSIA PEAS EXPORTS DOWN 5 PERCENT SO FAR IN MY2017/18
Gold Silver Reports — As per official data, Russia exported 428 KMT of peas in the seven months of MY 2016/17, or 5% less than at the same time last season (450n++KMT in July-January 2015/16).
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.