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Thursday 29 November 2018

EPIC RESEARCH MCX Silver UPDATE OF 29 November 2018

Silver trading range for the day is 35470-36592.

* Silver gained as the US dollar dipped from two-week highs after Federal Reserve Chairman Jerome Powell described US interest rates as "just below" the neutral rate.

* Fed’s Chairperson Powell said the “gradual pace of raising interest rates has been an exercise in balancing risks,” but added “there is no preset policy path.”

* U.S. President Donald Trump is prepared to hike tariffs on Chinese imports if there is no breakthrough on longstanding trade dispute with Chinese leader Xi Jinping.

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