Commodities

Silver ends lower but notches modest weekly gain

2019-10-18 19:51:02 GMT (Economies.com)

Silver prices fell today, despite US dollar retreat against most major currencies and the release of weak economic data, as precious metals failed to exploit that to attract haven demand.

 

The Chinese Government showed today that the GDP grew by 6% during the third quarter, lower than market forecasts of 6.1%.

 

The global markets focus will shift on the UK tomorrow as the British parliament will vote on the draft Brexit deal.

 

Otherwise, the dollar index fell against a basket of major currencies by 0.3% to 97.3 points as of 18:49 GMT, with an intraday high of 97.6 and a low of 97.2 points.

 

Silver futures for December delivery fell by 0.2% to settle at $17.578 an ounce, and scored weekly gain of 0.2%, with a session-high of $17.62 and a low of $17.42.

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