Silver closes higher as focus shifts to trade talks

2019-10-09 19:42:38 GMT (Economies.com)
Silver closes higher as focus shifts to trade talks

Silver prices rose today, as haven demand surged on silver due to rising investors' appetite for precious metals as a shelter ahead of a new round of the US-China trade talks.

 

The new round will begin tomorrow in Washington, and will continue until Friday between high level delegations from the two countries.

 

China has been reportedly willing to reach a trade deal if the US removed the imposed tariffs, with committing to purchase larger quantities of US agricultural products.

 

The US Federal Reserve's September meeting minutes showed that most members of the central bank were worried about the economy and the increased risks of recession and exposed a division between them on further rate cuts.

 

As of 19:08 GMT, the dollar index held at 99.1 points, with a session-high of 99.1 and a low of 98.9 points.

 

Silver futures for December delivery gained 0.6% to close at $17.81 an ounce, with an intraday high of $18 and a low of $17.72.

 
 
 
  Symbol Last Change Chg.%
1.1164
-0.0002
0.0219%
1.2978
0.0026
0.2034%
17.729
0.184
1.048%
53.367
-0.341
0.634%
58.80
-0.63
1.06%
1491.765
1.610
0.108%
 
 
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