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Silver closes slightly lower on stronger dollar

Economies.com
2019-09-11 19:58PM UTC

Silver fell today, on pressure from dollar's rise against most major currencies, ahead of the ECB decision tomorrow.

 

The ECB Monetary Policy Committee will launch its meeting tomorrow, to discuss the interest rate decision, with forecasts of a cut to negative levels to stimulate the economy.

 

While the bank's President, Mario Draghi, will hold at a press conference after the decision, which may be his last as Christine Lagarde will most likely succeed him.

 

By 19:46 GMT, US dollar rose by 0.3% to 98.6 points, with a high of 98.7 and a low of 97.8.

 

Silver futures (December delivery) shed 0.1%, or 1.6 cents, to close at $18.17 an ounce, with an intraday high of $18.335 and a low of $17.97.

Sterling falls on Johnson's decision to suspend Parliament

Economies.com
2019-09-11 19:39PM UTC

British pound fell against US dollar today amid Brexit uncertainty in the markets after British Prime Minister Boris Johnson suspended the Parliament.

 

Johnson's decision came after his defeat to the opposition in parliament, which passed a bill to delay the Brexit deadline and demanded the government to to reach for an agreement with Brussels.

 

While Johnson refused to delay the exit on October 31st, while adding that that Brexit should be implemented on time by a deal or not.

 

Meanwhile, the French government accused Johnson and his administration of seeking small and not essential agreements for the Brexit.

 

The markets are also anticipating the ECB interest rate decision tomorrow with forecasts of rate cut to negative interest to support the European economy.

 

By 19:37 GMT, GBP/USD fell by 0.2% to $1.2333, with a high of $1.2372 and a low of $1.2312.

Euro falls ahead of ECB decision

Economies.com
2019-09-11 18:21PM UTC

Euro fell against US dollar today as the markets are closely anticipating the European Central Bank's decision as well as its President, Mario Draghi's speech afterwards.

 

The ECB will hold its monthly meeting tomorrow, which will include its decision on interest rates, with forecasts of a cut to the negative levels to stimulate economic growth in the european economy.

 

The bank's President, Mario Draghi, will hold at a press conference after the decision, as he is expected to announce a new quantitative easing program.

 

While the US Federal Reserve will hold its meeting and announce its interest rate decision next week with forecasts for another rate cut this year.

 

President Trump renewed today his requests of the US Federal Reserve to cut interest rates to zero or below to support markets and the economy.

 

By 18:20 GMT, EUR/USD fell by 0.35% to $1.1009, with a high of $1.1057 and a low of $1.0986.

Gold closes higher, shrugs off stronger dollar

Economies.com
2019-09-11 18:30PM UTC

Gold prices rose today on the markets uncertainty about the upcoming ECB decision and the impacts of the US national security adviser dismissal.

 

President Trump had fired yesterday the national security adviser John Bolton due to deep fundamental disagreements between them.

 

Trump renewed his requests of the US Federal Reserve to cut interest rates to zero or below to support markets and the economy.

 

The markets are also anticipating the ECB interest rate decision tomorrow with forecasts of rate cut to negative interest to support the European economy.

 

By 18:17 GMT, dollar rose by 0.3% to 98.6 points, with a high of 98.7 and a low of 97.8.

 

Gold futures (December delivery) rose by 0.3% to close at $1,503.2 an ounce, with a high of $1,505.6 and a low of $1,492.9.

Frequently asked questions

What is the price of Silver today?

The price of Silver is $37.938 (2025-07-17 01:55AM UTC)