Silver futures inch up in American trade
2017-09-12 18:22:15 GMT (Economies.com)
Silver futures inch up in American trade

Silver futures edged up in American trade as the dollar index rebounded for the third straight session off the lowest since January 2, 2015, following earlier data from the US, the world's largest economy. 

 

As of 06:16 GMT, silver futures due on December 15 rose 0.04% to $17.910 an ounce from the opening of $17.902, while the dollar index advanced 0.06% to 91.93 from the opening of 91.87. 

 

Earlier US data showed JOLTS job openings rose to 6.17 million in July from 6.12M in June, besting expectations of 5.96M. 

 

Otherwise, US Treasury Secretary Steven Mnuchin said that President Donald Trump's administration seeks to wrap up the tax reform agenda by the end of 2017, adding that he doesn't know whether Trump's goal to cut corporate taxes to 15% is achievable due to budget constraints, but he asserted on the importance of reaching record competitiveness. 

 

On Thursday, the Senate Financial Committee will hold a session to hear tax reform propositions, after Senator Orrin Hatch said he expects the plan to be shared with other senators, while Trump urged Congress to vote on the reforms as fast as possible without waiting until the end of September. 

 

Back to Mnuchin, who expressed his concerns regarding the US debt ceiling passing $20 trillion, and adding that recent Hurricanes Irma and Harvey will impact the US GDP growth, while noting that recovery will happen soon after from their damages. 

 

Finally, Mnuchin stated that he's working with Trump currently on the issue of the next Federal Reserve governor, as Janet Yellen's term nears its end in February, adding that Yellen is one Trump's candidates to continue leading the central bank, before moving on to the North Korea nuclear issue, saying that if China doesn't apply the sanctions imposed by the UN Security Council on North Korea, sanction will imposed upon the world's second economy. 

 
 
 
  Symbol Last Change Chg.%
1.1844
-0.0061
0.5153%
1.3469
-0.0019
0.1412%
17.113
0.127
0.748%
52.155
1.510
2.982%
59.03
2.17
3.82%
1308.335
11.490
0.886%
 
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