Silver On MCX Settled Down -0.53% At 39043 As Investors Keep An Eye On The Dollar

Silver on MCX settled down -0.53% at 39043 as investors keep an eye on the dollar for potential further weakness linked to a more gentle than expected rate hike path by the Fed in 2018. 

Investors remained optimistic on the pace of US monetary policy tightening despite mixed signals from Fed officials. 

Bostic struck a more dovish tone than his San Francisco counterpart Fed Williams, who said three rates remained appropriate for 2018 amid expectations that President Donald Trump’s tax reform plans would give the economy a boost.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory