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Thursday 7 December 2017

EPIC RESEARCH MCX SILVER UPDATE OF 07 DECEMBER 2017

Silver trading range for the day is 37135-38005.Silver dropped as dollar strength continued after uncertainty over a possible US government shutdown eased, reducing investor demand for metal. Pressure also seen ongoing expectations that the U.S. Federal Reserve will raise interest rates for third time this year at the conclusion of its next meeting on Dec.13. Expectations for Congress to pass a funding bill stoked sentiment on the greenback as it remained close to session highs, pressuring gold to give up early session gains.









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