Wednesday, 11 March 2015

Gold and Silver Rates For Today

Gold fell to a three-month low on Tuesday, pressured by the dollar's rise to its highest in nearly 12 years and renewed expectations of a midyear interest rate increase in the United States. 

Friday's strong U.S. non-farm payrolls data boosted expectations that the Federal Reserve would begin increasing interest rates by the middle of the year.

Silver fell 1 percent to its lowest in two months at $15.57 an ounce, then gave back some losses to trade at $15.64.

We expect Silver prices are likely to trade negative on the back of US interest rate outlook.

www.marketmagnify.com
Ph: 0731-6619100

No comments:

Post a Comment