EPIC RESEARCH MCX Silver UPDATE OF 29 November 2018
Posted by Commodity Updates by Epic Research on 11:17:00 with No comments
Silver trading range for the day is 35470-36592.
* Silver gained as the US dollar dipped from two-week highs after Federal Reserve Chairman Jerome Powell described US interest rates as "just below" the neutral rate.
* Fed’s Chairperson Powell said the “gradual pace of raising interest rates has been an exercise in balancing risks,” but added “there is no preset policy path.”
* U.S. President Donald Trump is prepared to hike tariffs on Chinese imports if there is no breakthrough on longstanding trade dispute with Chinese leader Xi Jinping.
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