Commodities

Silver closes lower below $17 as dollar rises

2019-08-13 20:13:49 GMT (Economies.com)

Silver closed lower today as dollar rose against a basket of currencies  due to the ease of the trade war concerns.

 

Trump’s administration decided to delay the tariffs increase on several Chinese imports until mid-December.

 

Additionally, the US Treasury Department canceled tariffs on several other imports, and Trump commented that the decision is due to the Christmas season.

 

As of 19:42 GMT, dollar rose against a basket of major currencies by 0.4% to 97.7 points, with a high of 97.8 and a low of 97.3.

 

Silver futures (September delivery) fell by 0.5% to $16.985 per ounce, with a high of $17.49 and a low of $16.51.

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