Silver On MCX Settled Down -0.55% At 40274 But Losses Were Limited - Dollar Advisory | Best Commodity Tips Provider

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Thursday 24 May 2018

Silver On MCX Settled Down -0.55% At 40274 But Losses Were Limited

Silver on MCX settled down -0.55% at 40274 but losses were limited as rising geopolitical uncertainty triggered demand for safe-haven assets. 

Signs of US-China trade tensions saw traders pile into prices, helping the metal steady from a heavy selloff last week despite a strong uptick in the dollar. Investors interpreted minutes from the U.S. Federal Reserve's latest policy meeting as dovish. 

Most Federal Reserve policymakers thought it likely another interest rate increase would be warranted "soon" if the U.S. economic outlook remains intact, minutes of the central bank's last policy meeting showed. Policymakers once again debated the inflation path.

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