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Gold and silver Updates for 20 Dec 2016

Gold and silver Updates for 20 Dec 2016

Silver trading range for the day is 39144-39816. Silver dropped as prices continues to track dollar gains and the stock markets cautious push deeper into record territory. Last week’s Feds rate increase was accompanied with signals for a more-aggressive Federal Reserve in 2017. The Bank of Japan is likely to keep monetary policy steady and give a more upbeat view of the economy on Tuesday.

Gold trading range for the day is 27124-27348. Gold prices edged up as geopolitical tensions offset expectations of tighter U.S. monetary policy and a stronger U.S. dollar. Federal Reserve Chair Janet Yellen said the U.S. labor market has improved to its strongest in nearly a decade SPDR gold trust holdings dropped by 1.06% i.e. 8.89 tonnes to 828.10 tonnes from 836.99 tonnes.

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