Asian Metals Market Update for 17th March

March 17, 2025

I will be completing twenty years of the “Asian Metals Market Update” in July this year. I will start a series of my experiences over the coming weeks. I have been bullish on gold and silver since the first “Asian Metals Market Update” in 2005 and will continue to maintain the bullish trend for the next twenty years. Losses occur in derivative trading or future trading in gold and silver. Most people do not think of the risk associated with derivative trading. They jump the wagon due to the hype in his social group. Physical gold/silver is for long-term investment. “Futures trading is for short term trading and short-term investment. Big losses occur when most retail traders fail to compartmentalize intraday trading, short-term trading, and long-term investment. (More in the coming days).The

Federal Reserve meeting will have zero impact on the trend of gold, silver, and even copper. The world focus is on (i) the Trade Tariff War and Reciprocal Trade Tariff War and its unknown impact on the global economy and (ii) the Defence Spending boost by European countries to support Ukraine under Zelensky. (iii) Middle East.

Small one percent price corrections (if any) before FOMC or after FOMC will be a part and parcel of the current bullish trend. Precious metals and non-ferrous metals (by way of ETF, futures, selected metal stocks, and even physical) are in everyone’s investment portfolio. This is one of the reasons why I do not expect a price bust in the near term. Only a positive end to the “Trade war” will result in a selloff in gold and silver.

SPOT GOLD – current price $2986.70

Spot gold has to trade over $2978.00 to rise to $3019.40, $3037.70, and more.
A mild sell-off will be there if spot gold trades below $2978.00 today.
Crash or sell off will be there if spot gold does not break and trade over $3019.40 by Thursday close.
Views are intraday.

Disclaimer

The investment ideas provided is purely independent view point and are solely for collective learning and for academic interests. There is no commercial benefit accruing or have deemed to accrue to me out of providing such investment ideas.
The investment ideas shared here cannot be construed as investment advice or so. If any reader is acting on these advices, they are requested to apply their prudence and consult their financial advisor before acting on any of the recommendations made here. I am not responsible to anybody in the event of profits and losses (if any) upon acting on such advice.
I hope that our reader is aware about this well aware of the risk involved in trading in commodity derivative trading.

Disclosure: I trade in India's MCX commodity exchange. I have open positions in India's MCX commodity future. I do not trade in CME future or OTC spot gold and spot silver.

NOTES TO THE ABOVE REPORT