Thursday, 27 September 2018

Silver trading range for the day is 37558-38450

Silver trading range for the day is 37558-38450.

Silver steadied after the Federal Reserve announced a much-anticipated third U.S. rate hike for the year.

The Fed raised interest rates by a quarter percentage point, increasing the overnight U.S. funds rate to a range of 2.00% to 2.25%.

The central bank said in a statement that its decision was in response to the country’s faster pace of economic growth.

Investors looking for a safe place to park assets have preferred the U.S. currency to bullion, while speculators have ramped up bets that prices will fall.

Daily Commodity Mcx Live Price


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