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.
Economic
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Gold Down on Fed Rate Hike Expectations
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.
FOMC Meeting Date March 14-15
Gold Silver Reports — The dollar benefited last week from comments from various Federal Reserve officials regarding the potential for an interest rate increase at the March 14-15 FOMC meeting.
GST Council Decides on 5% Levy for Dhabas
Gold Silver Reports — The states and the Centre on Saturday decided on a 5% levy on dhabas and small restaurants under goods and services tax, while moving ahead with two key legislations, Central GST (CGST) and Integrated GST (IGST), with a final decision expected in a fortnight.
Yellen Points to March Rate Hike
Gold Silver Reports — The U.S. Federal Reserve’s long-stalled ‘liftoff’ of interest rates may finally get airborne this year as policymakers from Chair Janet Yellen on Friday to regional leaders across the United States signaled that the era of easy money is drawing to a close.
Trump Opens Door to Immigration Reform in Speech to Congress
Gold Silver Reports — U.S. President Donald Trump said on Tuesday he was open to a broad overhaul of the U.S. immigration system, a shift from his hardline campaign rhetoric, as he made his first speech to Congress following a turbulent first month in office.
Financial Markets Awaited U.S. President Donald Trump Speech
Gold Silver Reports — The price of gold turned downward on Tuesday as the dollar came off its lows and financial markets awaited U.S. President Donald Trump’s speech to Congress later this evening regarding his policies on tax reforms and government spending.
India and Russia are Nearing a Joint Venture
Gold Silver Reports — India and Russia are nearing a joint venture to make light helicopters in India, reviving a plan announced by Russian President Vladimir Putin in 2015.
Trump and Elections; Boost Europe Gold ETFs
Gold Silver Reports — Trump and Elections; Boost Europe Gold ETFs — For a clue at how much anxiety there is among European investors, take a look at Xetra-Gold, the exchange-traded fund backed by bullion that lured the most money among its peers this year.
India Awaits Growth Data
Gold Silver Reports — India Awaits Growth Data — Gross domestic product will expand 6.8 percent in the year through March — the slowest pace since 2014 but still among the fastest in the world — according to the median of 29 estimates in a Bloomberg survey of economists before an official forecast due Tuesday. However, analysts and lobby groups say the data mask job losses at small companies, which employ as much as 40 percent of India’s workforce and are the secret to the nation’s growth.