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Thursday 6 December 2018

EPIC RESEARCH MCX Silver UPDATE OF 6 December 2018

Silver trading range for the day is 36969-37689.

* Silver dropped with investors looking ahead to the Federal Reserve’s Beige Book for further indications on the health of the U.S. economy.

* One of Federal Reserve policymakers said he expects further interest rate hikes continuing next year since the U.S. economy is "in really good shape.

* U.S. President Trump threatened to place “major tariffs” on Chinese goods imported into US if his administration is unable to reach an effective trade deal with Beijing.

* Investors kept a close eye on signals on the future path of interest rates next year by the U.S. Fed, with the central bank widely expected to raise rates.

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