Silver closes higher as dollar weakens

2021-06-07 22:35:16 GMT (Economies.com)
Silver closes higher as dollar weakens

Silver prices rose on Monday, as the US dollar fell against most of its peers, amid anticipation of the US inflation data.

 

The US CPI will be released later this week, which have been showing signs of rising recently and been weighing down on US stocks and bond markets. 

 

US Treasury Secretary Janet Yellen said President Joe Biden's $4 trillion spending plan would be good for the US, even if it contributes to rising inflation and results in higher interest rates.

 

The dollar index fell against a basket of currencies 0.2% to 89.9 points as of 19:34 GMT, after it hit a high of 90.3 points and a low of 89.9 points.

 

Silver August futures rose 0.4% or 12 cents, and closed at $28.02 an ounce.

 
 
 
  Symbol Last Change Chg.%
1.1938
0.0036
0.3046%
1.3922
0.0028
0.2040%
Tadawul
10919.68
6.62
0.06%
26.005
0.016
0.062%
73.601
1.775
2.471%
75.56
0.32
0.43%
1776.825
-1.565
0.088%
 
 
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