Silver falls off two-week high as dollar rises

Economies.com
2019-02-19 04:59AM UTC

Silver futures tilted lower in Asian trade off February 8 highs as the dollar index gained ground, ahead of US housing data later today. 

 

As of 04:55 GMT, silver futures due in March shed 0.11% to $15.74 off two-week highs, while the dollar index rose 0.11% to 96.91. 

 

Now investors await US housing data, with an index tracking the sector expected up to 59 from 58. 

 

Optimism is rising for US-China trade talks, with both Chinese and US Presidents praising progress in negotiations. 

 

President Trump said he'd be happy to cancel tariffs if a deal is reached with China, adding his administration is nearer that goal than ever. 

 

Chinese President Xi Jinping also said the talks will carry on in Washington this week, hoping for an agreement soon before the truce deadline in early March. 

 

Former Federal Reserve Chair Janet Yellen surprised the markets by saying the next move by the Fed will probably a rate hike as the global economy slows down and weighs on the US. 

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