Wednesday, 2 May 2018

Silver On MCX Settled Down -0.88% At 38987 Settled At The Lowest Levels

Silver on MCX settled down -0.88% at 38987 settled at the lowest levels in two months on Tuesday, as a broad based dollar rally dampened demand for bullion. 

The gains in the dollar came ahead of a Federal Reserve policy meeting that is expected to point to another two or possibly even three rate hikes this year.

The dollar index rose 2% in April after the yield on 10 year U.S. Treasury notes rose above the psychologically important 3% level for the first time in four years. 

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