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Gold & Silver Updates for 13 Dec 2016

Gold & Silver Updates for 13 Dec 2016

Silver trading range for the day is 40781-42271.Silver ended with gains lifted by a weaker dollar ahead of anticipation of an interest rate hike at Federal Reserve meeting. Consumer sentiment in the U.S. has improved by much more than anticipated in the month of December, according to a report. Market-based indicators put the odds of a Fed rate hike next week at nearly 100%.

Gold trading range for the day is 27321-27855.Gold gains with U.S. Treasury yields coming off their highs and the U.S. dollar falling ahead of the start of a two-day Federal Reserve meeting. Gold premiums in China held near three-year highs this week amid fears of limited supply of the precious metal. Dealers in India, the world’s No.2 consumer of the metal were offering a discount of up to USD 5 an ounce in week.

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