Silver climbs anew as dollar declines

2019-01-11 15:08:05 GMT (Economies.com)
Silver climbs anew as dollar declines

Silver prices rose in European trade on Friday after a hiatus from gains yesterday, bolstered by a drop in the dollar today on lower chances of US rate hikes this year. 

 

As of 11:55 GMT, silver rose over 0.6% to $15.67 an ounce, with an intraday high at $15.73, and a low at $15.56. 

 

Silver shed 1.1% on Thursday after adding 0.6% ib Wednesday as the dollar dipped.  

 

The dollar index dipped 0.2% on Friday after pulling up from three-month lows at 94.62 yesterday, with the index resuming its downward spiral against main rivals. 

 

Dollar is hurt by expectations the Fed might avoid rate hikes this year as the economy slows down, following cautious remarks by several Fed officials. 

 
 
 
  Symbol Last Change Chg.%
1.1265
0.0047
0.4203%
1.2685
0.0102
0.8106%
15.259
0.391
2.628%
54.708
2.199
4.187%
62.64
0.80
1.29%
1379.885
38.605
2.878%
 
 
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