EPIC RESEARCH MCX Silver UPDATE OF 14 January 2019

Posted by Commodity Updates by Epic Research on 11:17:00 with No comments

Silver trading range for the day is 38969-39813.

* Silver prices edged up as U.S. dollar slipped on expectations that the Federal Reserve may pause interest rates hike this year if the global economy continues to slow.

* Fed Chairman Powell reiterated that the central bank could afford to be patient on monetary policy.

* U.S. consumer prices fell for the first time in nine months in December, but underlying inflation pressures remained firm.

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