Gold price price under pressure but holding support at $2,150 as U.S. housing construction jump 10.7% in February
(Kitco News) - 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. The latest housing market data significantly beat expectations; according to consensus estimates, economists were looking for starts to rise to 1.43 million.
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Gold still has room to rally as hedge funds’ bullish bets hit a two-year high
(Kitco News) - According to many analysts, there is still plenty of value left in the gold market, even as the latest trade data shows speculative bullish positioning reached a two-year high after hedge funds went on an unprecedented buying spree.
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Hedge funds shake up the euro zone's $10 trillion government bond market
LONDON, March 19 (Reuters) - Hedge funds are piling into the euro zone's $10 trillion government bond market, scenting opportunities as funding needs surge and the European Central Bank retreats.The funds are buying a large share of government debt sales, providing a source of much-needed capital, traders and officials say. Yet the lightly-regulated investors often load their bets with bank debt, tying their fortunes to lenders, at a time when there is growing regulatory concern globally about their market impact.