Silver on MCX settled up 1.1% at 45093 prices rose, shrugging off dollar's rise and the relative easing of the US-China trade war concerns. President Trump said that his administration have received signals from China about returning to the trade talks, after the recent escalation last week between the two countries. Trump said that China wants to reach a trade deal, while adding that Washington is doing well in the talks with China and other countries.
Trading Ideas:
* Silver trading range for the day is 44467-45689.
* Silver prices rallied as heightened trade tensions between the U.S. and China, complete with additional tariff threats, sent traders fleeing to safe-haven assets.
* But U.S. President Donald Trump appeared ready to calm nerves, saying that Beijing had gotten in touch with top U.S. trade officials.
* Financial markets reacted to the apparent shift in posture although analysts suggested that ongoing uncertainty would still provide support for prices.
0 comments:
Post a Comment