Friday, 4 May 2018

Silver On MCX Settled Up 0.3% At 39624 After The Rally In The Dollar Paused

Silver on MCX settled up 0.3% at 39624 after the rally in the dollar paused while renewed geopolitical uncertainty stoked safe-haven demand. 

Prices found their footing for the first time in three days as investors took profits on the recent dollar rally ahead of a nonfarm payrolls report due Friday, expected to show the U.S. economy created 189,000 jobs in April. 

Renewed demand emerged as investors fretted the outcome of U.S.-China trade talks after a U.S. financial delegation, including Treasury Secretary Steven Mnuchin, arrived in Beijing.

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