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Gold Silver Reports – UK inflation accelerated more-than-expected to 2.3 percent in February from 1.8 percent in January, data from the Office for National Statistics showed Tuesday. This was the biggest rise in prices since September 2013. Inflation was forecast to climb 2.1 percent.
Gold Silver Reports — AUSTRALIA HOUSE PRICES ADVANCE 4.1% ON QUATER IN Q4 — Australia house prices advanced 4.1 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Tuesday, following the 1.5 percent increase in the third quarter. On a yearly basis, prices spiked 7.7 percent, up from 3.5 percent in the three months prior. — Neal Bhai Reports
Gold Silver Reports — GOVERNMENT APPROVES FOUR GST BILLS — The Union Cabinet chaired by Prime Minister Narendra Modi has approved the four Goods and Services Tax (GST) bills – Central GST (CGST), Integrated GST (IGST), Union Territory GST (UTGST) and the compensation bills. The bills were approved by the GST Council after thorough, clause by clause, discussion over 12 meetings held in the last six months.
Gold Silver Reports — The FCI has fixed a procurement target of 33 million tonnes for the 2017-18 fiscal starting April, against the 22.96 million tonnes purchased in the previous year, when production was low at 92.29 million tonnes.
Gold Silver Reports — As per the official data, as on 14.03.2017, Government has created a buffer of around 15.33 lakh tonnes of pulses including 4.01 lakh tonnes contracted for imports.n++ — GOVERNMENT AGENCIES MAINTAINS 15.33 LAKH TONNES OF PULSES BUFFER AS ON 14TH MARCH, 2017
Gold Silver Reports — Central banks ruled over financial markets, with the Federal Reserve’s move to raise interest rates without accelerating the timeline for future tightening sending global stocks and Treasuries jumping while the dollar tumbled.
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 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.
Gold Silver Reports — Gold had maintained a defensive tone in Europe and a much stronger than expected ADP employment release triggered a fresh round of selling pressure as global bond yields moved higher.
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.