Japan’s Government Pension Investment Fund , the largest pension fund in the world, revealed that it is looking at Bitcoin and gold as potential diversification tools.Gold price price under pressure but holding support at $2,150 as U.S. housing construction jump 10.7% in February
- The gold market remains under pressure but continues to hold support above $2,150 an ounce even as the U.S. housing sector shows some signs of stabilization as construction of new homes picks up.Tuesday, the U.S. Commerce Department said that residential construction jumped 10.7% last month to a 1.521 million annualized rate, up from January’s revised rate of 1.374 million.
- Uranium is “a very unique commodity” that even at $100 a pound is still seeing a supply deficit, says John Ciampaglia, CEO of Sprott Asset Management. - In the mining sector, a colossal $40 billion is said to have been liquidated, primarily due to naked short selling. - The gold price has been consolidating in a flag since printing its latest all-time high - as shown in a 4-hour timeframe in the chart below.
– Gold prices look set to continue their recent retracement as the technical and fundamental picture worsens, according to Arslan Butt, Lead Commodities and Indices Analyst at FX Leaders. - The American dream of homeownership, long considered a marker of success, is being critically reevaluated as economic and social pressures mount on consumers.
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