Silver On MCX Settled Down -0.73% At 39046 As The Dollar Rose

Silver on MCX settled down -0.73% at 39046 as the dollar rose to a two-week peak, buoyed by safe-haven purchases made in an ongoing U.S.-China tariff trade war. 

Demand for the precious metals also waned on expectations of higher U.S. interest rates. 

The U.S. dollar was little changed after peaking at a two-week high against a basket of currencies after data showing a record Chinese trade surplus, which may add fuel to U.S.-China trade tensions, spurred more investors to pile into the safety of the greenback.

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