Silver On MCX Settled Up 0.94% At 40791 As Investors Were Uncertain Whether

Silver on MCX settled up 0.94% at 40791 as investors were uncertain whether the U.S. central bank would signal a tighter future monetary policy at a meeting. 

The U.S. Federal Reserve will likely raise its target interest rate to above the rate of inflation for the first time in a decade this week, seeking to sustain the second-longest U.S. expansion on record while continuing to edge rates higher.

U.S. inflation expectations were flat in May after several months of gains, while Americans grew more pessimistic about income and spending growth, according to a Federal Reserve Bank of New York survey.

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