Silver On MCX Settled Down -0.16% At 39626 Amid Fears Of A Full Blown Trade - Dollar Advisory | Best Commodity Tips Provider

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Thursday 21 June 2018

Silver On MCX Settled Down -0.16% At 39626 Amid Fears Of A Full Blown Trade

Silver on MCX settled down -0.16% at 39626 amid fears of a full-blown trade war between the U.S-China, sending U.S. bond yields higher, hurting demand for safe-haven. 

US treasury yields also rose slightly after Federal Reserve Board chairman Jerome Powell said that there was a "strong" case to continue raising interest rates. 

The U.S. jobs market does not appear overly tight and the Federal Reserve should continue with a gradual pace of interest rate rises amid a strong economy to balance its employment and inflation goals, Federal Reserve chairman Jerome Powell said.

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