MCX Silver Low 43702 Buy 100—500 Lots and Relaxxxxxx – Neal Bhai
Gold Silver Reports – The U.S. central bank slashed rates by 50 basis points, cutting rates outside the normal cycle of meetings for the first time since 2008. Speculation is rife that the European Central Bank will respond to the Fed’s “decisive” interest rate cut with easing of its own.
The Perth Mint’s gold and silver sales dropped more than 50% in February from the previous month, the refiner said.Sales of silver coins fell 58% month-on-month, but rose nearly 4% from the same period last year to 605,634 ounces – it’s lowest since June 2019, the mint said. On the data front, a private survey showed that China’s service sector had its worst month on record in February.
Read More : Commodities Weekly Technical Research Report 09 — 13 March 2020 – Gold Silver Reports
The Caixin/Markit services Purchasing Managers’ Index (PMI) plunged to 26.5 from 51.8 in January. A measure of Eurozone business activity grew at the fastest pace in six months in February. IHS Markit’s Composite Purchasing Managers’ Index nudged up to 51.6 from 51.3 in January.
Britain’s economy grew at its fastest rate since September 2018 last month on the back of a jump in construction activity.
