Gold Silver Reports ~ After the bullish trend seen for most Agri counters over last few days, profit booking at the higher levels brought some dips to the rising prices. Rising arrivals of new Rabi crop too helped pressurize prices.
The Economy and Direction of Monetary Policy
Gold Silver Reports ~ U.S. stocks declined in thin trading as commodity shares followed crude prices lower, while investors awaited further clues on the economy and direction of monetary policy.
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.
Fed Statement Reports “Weak” Economic Growth
Gold Silver Reports ~ Gold snapped a three-day losing streak after Federal Reserve officials held off from raising borrowing costs and scaled back forecasts for how high interest rates will rise this year.
Crude Oil MCX Trading Levels 2405 – 2525
Gold Silver Reports ~ Crude MCX settled down -1.72% at 2457 extending losses as a monthly report from OPEC provided further signals of a widening gap between supply and demand on energy markets worldwide.