EPIC RESEARCH MCX SILVER UPDATE OF 9 AUGUST 2018

Silver trading range for the day is 37628-38238. Silver traded in range as a Federal Reserve policymaker reiterated the need for rate hikes and a stronger dollar weakened demand for the precious metal. The U.S. Trade Representative’s office said the U.S. would begin collecting 25 percent tariffs on another $16 billion in Chinese goods later this month. US job openings held near record highs in June amid a modest decline in hiring, pointing to further tightening labour market conditions.

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