Silver ends lower as dollar powers up

Economies.com
2019-02-13 19:36PM UTC

US dollar weighed on most commodities and metals today, forcing the white metal down amid optimism in the market about US-China trade talks. 

 

US President Donald Trump opened the door for extending the truce beyond March to give another chance for an agreement. 

 

Chinese outlets reported president Xi Jinping will meet the US delegation to Beijing this week to discuss hanging issues. 

 

White House officials asserted in recent statements that Trump intends to meet his Chinese counterpart soon. 

 

As of 19:21 GMT, the dollar index rose 0.4% against a basket of main rivals to 97.07, with an intraday high at 97.1, and a low at 96.6. 

 

Silver March futures shed 0.2% to $15.652 an ounce, with a session-high at $15.8, and a low at $15.58. 

 

Gold added 0.1% to $1,315.1, with an intraday high at $1,321.7, and a low at $1,311.1. 

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