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Silver edges higher as dollar slips on weak data
2021-09-14 20:30:07 GMT
(Economies.com)
Silver prices rose on Tuesday, as the US dollar fell against most currencies, after the release of weak economic data.
The US consumer price index rose by 0.3% in August, lower than forecasts of 0.4%.
The core reading (excluding food and fuel prices) rose by 0.1%, lower than forecasts of 0.3%.
Investors are anticipating the next move of the US Federal Reserve, especially after hinting at reducing the size of its bond-buying program before the end of 2021.
The dollar index fell against a basket of major currencies by 0.2% to 92.4 points as of 19:37 GMT, after hitting a high of 92.6 points and a low of 92.3 points.
As of 19:37 GMT, silver spot prices rose 0.1% to $23.853 an ounce.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1735
|
0.0021
|
0.1784%
|
|
|
|
|
1.3722
|
0.0046
|
0.3393%
|
|
|
|
Tadawul
|
11270.57
|
-40.58
|
0.36%
|
|
|
|
|
22.707
|
0.406
|
1.823%
|
|
|
|
|
73.479
|
2.546
|
3.589%
|
|
|
|
|
77.56
|
0.31
|
0.40%
|
|
|
|
|
1754.080
|
-2.725
|
0.155%
|
|
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