EPIC RESEARCH MCX SILVER UPDATE OF 3 AUGUST 2018

Silver trading range for the day is 37660-38330. Silver dropped amid an upbeat assessment of the U.S. economy by the Federal Reserve and new trade tensions between Washington and Beijing boosted the dollar. Prices were as also knocked by a sharp rise in the dollar ahead of the U.S. jobs report, which could strengthen the Fed's case to keep hiking rates. Adding to the pressure on bullion are expectations that the Federal Reserve will raise interest rates again in September.

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