Dollar Advisory MCX Silver Update Of 23 July 2018

Silver on MCX settled up 0.43% at 38457 as U.S. President Donald Trump criticized the Federal Reserve for increasing interest rates. 

Trump said in an interview that he does not approve of how the Fed is approaching monetary policy. The Fed raised rates twice this year and is expected to raise rates at least once more before the end of the year. 

St. Louis Federal Reserve Bank President James Bullard responded to Trump’s comments, saying the Fed would not be impacted. 

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