Commodities Weekly Research Report 13-03-17 to 17-03-17
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Gold Spot CMP at $1203 Keep Eye on $1197 Level, Below $1197 Gold Downside Target and Supports $1188— $1172 Level. Neal Bhai Reports 9899900589 & 9582247600 Gold Spot Report Update | Neal Bhai Reports | Gold Silver Reports
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GOLD MCX CMP @28780
Gold Silver Reports ⭐⭐⭐⭐⭐ — Gold prices declined in last week’s trading as the US dollar index (DXY), which measures the greenback’s strength against a basket of six major currencies, rallied. Gold prices fell to a low for the week on Friday, at $1,223 an ounce, the lowest level traded since February 15. At week’s end, however, the contract for April settlement on the COMEX division of the New York Mercantile Exchange ended well off the low of the day at $1,235/ounce. This represented a loss of 1.8% for the week overall.
Above $1252, Possible Target $1288 — $1292
Gold Silver Reports — The Heightened Risk Of A Gold Price Reset — I warned of a heightened risk of a gold price reset based upon evidence that the all-important physical markets are increasingly influencing the price setting synthetic markets at time we are experiencing extremely strong physical demand into tight immediately deliverable supplies.