Silver closes above $17 mark again

2019-08-14 20:13:44 GMT (Economies.com)
Silver closes above $17 mark again

Silver rose today on investor' risk aversion, seeking shelter from global stock markets' sharp losses, due to US economic recession worries.

 

Concerns mounted over the US economy recession after the two-year and 10-year bond yield curve inversion, but the former Federal Reserve Chair, Janet Yellen, sees that it might be a wrong signal.

 

Trump continued his criticism on the Federal Reserve, blaming it for the economy's slowdown and not the trade war with China or his tariffs decisions.

 

Otherwise, by 19:24 GMT, dollar index rose against a basket of currencies by 0.1% to 97.9 points, with a high of 98 points and a low of 97.6.

 

At the close of today, silver futures (September delivery) rose by 1.7% to close at $17.28 an ounce,  with a high of $17.305 and a low of $16.855.

 
 
 
  Symbol Last Change Chg.%
1.1133
0.0071
0.6450%
1.3200
0.0063
0.4773%
Tadawul
8133.72
67.30
0.83%
16.860
0.288
1.738%
58.796
-0.314
0.531%
63.72
-0.62
0.96%
1474.830
14.985
1.026%
 
 
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