Silver On MCX Settled Up 1.82% At 41508 As The Dollar Lost The Momentum - Dollar Advisory | Best Commodity Tips Provider

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Friday 15 June 2018

Silver On MCX Settled Up 1.82% At 41508 As The Dollar Lost The Momentum

Silver on MCX settled up 1.82% at 41508 as the dollar lost the momentum from a decision by the U.S. Federal Reserve to raise interest rates. 

The European Central Bank will shut its hallmark bond purchase scheme by the close of the year, taking its biggest step yet towards dismantling crisis-era stimulus a decade after the start of the euro zone's economic downturn. 

It also sees interest rates steady "at least through the summer of 2019".China's economy is finally starting to cool under the weight of a multi-year crackdown on riskier lending that is pushing up borrowing costs for companies and consumers, with data on Thursday pointing to a broad slowdown in activity in May.

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