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Gold And Silver Updates For 29 March 2017

Gold And Silver Updates For 29 March 2017

Silver trading range for the day is 41825-42721. Silver remained supported as investors looked to see if U.S. President Donald Trump would be able to enact promised tax cuts and infrastructure spending. U.S. President Trumps failure to push through a healthcare reform bill prompted investors to question the extent to which he can deliver on pro-growth policies. The Fed raised interest rates earlier this month, but stuck to its outlook for two more hikes this year, instead of three expected by the market.

Gold trading range for the day is 28701-28965. Gold settled flat as prices pulled back from its highs as the dollar and global equities recovered from recent losses. Kansas City Federal Reserve President Esther George said she needs more details on the Trump administrations fiscal proposals. SPDR gold trust holdings dropped by 0.21% i.e. 1.77 tonnes to 833.51 tonnes from 835.28 tonnes.

 

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