SOURCE: National Association of Home Builders
Gold Silver Reports — Technically silver market is under fresh selling and getting support at 41700 and below same could see a test of 41510 level, And resistance is now likely to be seen at 42300, a move above could see prices testing 42730.
Gold Silver Reports — Technically Crude oil market is under short covering as market has witnessed drop in open interest by -15.15% to settled at 13534 while prices up 8 rupees.
Gold Silver Reports — Gold prices may fall 3-5% in the short term amid expectations that the US Federal Reserve will increase interest rate at the next meeting of the Federal Open Market Committee on March 14-15, bullion traders and analysts said.
Gold Silver Reports — US stocks have piled up $1.5 trillion in market value this year, but hedge funds are bracing for tough times ahead. Based on buying and selling in 2017, managers have stopped loading up on bullish positioning. They’ve also become less reliant on U.S. stocks by selling economically sensitive bank shares and materials like copper, data compiled by Credit Suisse Group AG show. What are they buying? Gold.
Gold Silver Reports — The Sensex developed cold feet on Tuesday ahead of the key exit poll findings, coming off its two-year highs and remaining shy of the 29,000 mark at close. The broader NSE Nifty too could not keep its earlier gains.
Gold Silver Reports — Gold Down on Fed Rate Hike Expectations — Gold hit a more than four-week low on Tuesday as the dollar strengthened and expectations for a U.S. interest rate hike this month weighed, though moves were muted ahead of key U.S. data this week.