Silver On MCX Settled Down -0.98% At 39952 As A Surge In Both The Dollar

Silver on MCX settled down -0.98% at 39952 as a surge in both the dollar and bond yields on mostly upbeat economic data reduced investor appetite to hold the precious metal. 

The dollar hovered near a five-month high against a group of major currencies, as a surge in the benchmark 10-year Treasury yield above 3 percent reignited a rally that had lost steam last week. 

U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter.

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