EPIC RESEARCH MCX Silver UPDATE OF 11 April 2019
Posted by Commodity Updates by Epic Research on 11:19:00 with No comments
Silver trading range for the day is 37508-38082.
Silver prices recovered from lows as investors fretted about the global economy and trade tensions.
The IMF cut its global growth forecasts for 2019 to 3.3%, the slowest expansion since 2016 and from its earlier projection of 3.5% in January.
Brexit uncertainty, the Trump administration's threat of imposition of tariffs on a range of EU goods and skepticism about U.S.-China trade agreement, all dented investor sentiment.
US job openings, a measure of labour demand, tumbled by 538,000 to a seasonally adjusted dropped 7.1 million, the Labor Department said.
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