Silver MCX Major Report March 15
Silver MCX Major Report: MCX Silver MCX CMP @39952
Options Peg 9230 as Strong Resistance, Downside at 8900
Gold Silver Reports — Market mavens expect benchmark indices to touch fresh highs in the short term after foreign investors, the mainstay of the marketplace, not just covered their bearish bets but initiated fresh bullish ones during Tuesday’s sharp rally . They added that any profit booking would be bought into, with a caveat that a hawkish sounding Fed could spoil the party for the bulls.
Global Gold Prices Steady ahead of US Fed Meeting
Gold Silver Reports — Gold prices were steady on Tuesday as investors waited for the start of a two-day US Federal Reserve meeting where the central bank is widely expect to raise interest rates.
Gold Witnessing Buying Around $1200 Levels
Gold Silver Reports — Gold is trying to edge up after the recent slide. A near two month low around $1200 per ounce seems to be working for the metal. However, the Fed is in focus and overall sentiments are choppy.
Silver MCX Under Selling Support and Hope at 39800
Gold Silver Reports — Technically Silver market is under fresh selling as market has witnessed gain in open interest by 1.89% to settled at 13781 while prices down 110 rupees.
Now MCX Silver is getting support at 40100 and below same could see a test of 39800 level, And resistance is now likely to be seen at 40720, a move above could see prices testing 40980.
Federal Reserve Officials are Widely Expected to Interest-Rate Increase
Gold Silver Reports — Federal Reserve officials are widely expected to announce an interest-rate increase this week amid buoyancy in the stock market and indications the U.S. economy continues to grow steadily, without signaling they anticipate accelerating their pace of policy tightening.
Beyond the expected announcement Wednesday of a quarter-point hike in the U.S. central bank’s benchmark rate target, to a range of 0.75 percent to 1 percent, investors will be looking for whether policy makers change their forecasts for the rest of 2017 and beyond.