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Gold & Silver Updates For 23 May , 2017

Gold & Silver Updates For 23 May , 2017

Silver trading range for the day is 38842-40436.Silver prices ended with gains as investors continued to assess the impact of the latest bout of U.S. political turmoil.Feds expected plans for rate increases may be too fast for an economy that has shown recent signs of weakness, Feds James Bullard said.In the week ahead, investors will be looking at Wednesdays Fed meeting minutes for fresh indications on the possible timing of the next U.S. rate hike.

Gold trading range for the day is 28480-28952.Gold prices gains amid ongoing political worries surrounding U.S. President Donald Trump that are expected to keep weighing on the dollar.Feds Williams: Concerned about losing progress weve made on financial regulation. Expects continued U.S. economic, job growth.Hedge funds and other money managers cut their net long position in COMEX gold for the third week, taking it to a two-month low, CFTC data showed.

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