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Wednesday, 12 December 2018

EPIC RESEARCH MCX Silver UPDATE OF 12 December 2018

Silver trading range for the day is 37776-38938.

Silver gained as prices drew support from a weaker U.S. dollar and growing expectations that the Federal Reserve will need to slow its pace of rate hikes next year.

Fed is widely expected to announce its fourth rate hike of 2018 next week, but investors are beginning to question how many increases it can implement next year.

China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent, a Trump administration official said

Fed Chairman Jerome Powell: The economy is performing very well overall and job creation is strong with wages gradually rising.

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