Monday, 12 November 2018

Silver Prices Slumped As Inflation Data Pointed To Steady Interest

Silver trading range for the day is 36142-37974.

Silver prices slumped as inflation data pointed to steady interest rate increases by the Federal Reserve.

The central bank hiked U.S. interest rates three times this year and is widely expected to do so again in December.

Meanwhile, weak economic global growth worried investors as producer prices in China fell for the fourth-straight month, raising more concerns that economy is struggling.

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