Silver On MCX Settled Up 0.87% At 39940 Supported By A Dip In The Dollar

Silver on MCX settled up 0.87% at 39940 supported by a dip in the dollar as an uptick in geopolitical uncertainty increased demand for safe-haven but growing expectations that the Federal Reserve will hikes rates for the third time this year capped gains.

Prices made a strong start to the week amid renewed geopolitical uncertainty as President Donald Trump’s tweets over the weekend, sparked fears that the president is leaning toward military action against North Korea.

President Trump said the United States has been “unsuccessfully dealing” with North Korea for 25 years, insisting that “only one thing will work” to curb the isolated nation’s efforts to further develop nuclear weapons. U.S. employment fell in September for the first time in seven years, data showed, due to impacts from Hurricanes Harvey and Irma.

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