Gold Silver Reports ~ Gold Silver counter may open on negative note tracking weak international markets as movement of greenback to give further direction to the prices.
The Average Person
Intelligent people tend to have less friends than the average person. The smarter you are, the more selective you become.
Gold MCX Trading Levels 28690 to 29245
Gold Silver Reports ~ Gold on MCX settled down -0.65% at 28941 dropped tracking weakness from Comex Gold while unable to challenge a recent 13-month high near $1280 as traders booked profits after gains from last week’s dovish interest rate announcement by the Fed. The dollar arrested three weeks of declines after hawkish comments from US Fed officials renewed expectations of US interest rate hikes.
Silver MCX Trading Levels 37100 to 38335
Gold Silver Reports ~ Silver MCX settled up 0.29% at 37864 despite Gold fell on Monday with demand for bullion hurt as the dollar arrested 3-weeks of declines after hawkish comments from US Fed officials renewed expectations of U.S. interest rate hikes.
MCX Natural Gas Above 117 Level Target 130-134 Levels
Gold Silver Reports ~ Natural Gas MCX March as seen in the weekly chart above has opened the week with gap down at 122.50 levels and at the starting of the week sessions it made a weekly low of 119.50 levels.
The Status Quo
The job isn’t to catch up to the status quo; the job is to invent the status quo. – Seth Godin
Crude Oil Slip Weighs on Commodity Currencies
Gold Silver Reports ~ Crude oil fell, extending declines below $40 a barrel as the dollar reasserted itself following last week’s selloff and data showed the first increase this year in the number of U.S. rigs. Australian stocks swung between gains and losses.