Silver On MCX Settled Up 0.27% At 40495 As The Dollar Lost Momentum - Dollar Advisory | Best Commodity Tips Provider

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Wednesday 23 May 2018

Silver On MCX Settled Up 0.27% At 40495 As The Dollar Lost Momentum

Silver on MCX settled up 0.27% at 40495 as the dollar lost momentum after a rally sparked by rising U.S. bond yields and the prospect of a resolution to U.S.-China trade tensions. 

Demand for industrial metal silver rose after China said it would cut import duties on passenger cars and parts from July 1. Trump said he was not pleased with recent trade talks between the United States and China, but kept the door open for further negotiations. 

Donald Trump said on Tuesday there was a "substantial chance" his summit with North Korean leader Kim Jong Un will not take place as planned on June 12 amid concerns that Kim is resistant to giving up his nuclear weapons.

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