Silver rises as dollar declines

2021-10-08 21:34:37 GMT (Economies.com)
Silver rises as dollar declines

Silver prices rose slightly on Friday, as the US dollar fell against most currencies, after the release of the US jobs report.

 

The US Department of Labor reported today that the economy has added 194,000 new jobs in September, missing forecasts of 490,000. The unemployment rate fell to 4.8% from 5.2% in September, better than forecasts of 5.1%.

 

The US Senate voted on raising the country's debt ceiling by $480 billion, which means continuing to fund the government until early December.

 

The dollar index fell against a basket of major currencies by 0.1% to 94.1 points as of 19:40 GMT, after hitting a high of 94.3 points and a low of 93.9 points.

 

Silver spot prices rose 0.1% to $22.6 an ounce as of 19:40 GMT.

 
 
 
  Symbol Last Change Chg.%
1.1607
-0.0005
0.0405%
1.3743
-0.0026
0.1921%
Tadawul
11807.79
-43.89
0.37%
24.116
-0.360
1.471%
82.532
-2.395
2.820%
84.57
-1.83
2.12%
1796.470
-7.575
0.420%
 
 
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