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Gold Silver Important Updates For 19 Dec 2016, Must Check!

Gold Silver Important Updates For 19 Dec 2016, Must Check!

Silver trading range for the day is 38867-40337. Silver gained on short covering after prices dropped in previous session due to the higher dollar after the U.S. Federal Reserve meet Fed Concluded Its Policy Meeting by raising interest rates by 25 basis points and projected three more rate hikes for 2017. Holdings at ishares silver trust gained by 0.39% i.e. 41.29 tonnes to 10575.83 tonnes from 10534.54 tonnes.

Gold trading range for the day is 26840-27428.Gold gained as dollar and U.S. stocks dipped at the end of a volatile week highlighted by the Feds signal that there could be more rate hikes Prices also got boost following word of renewed tension in the South China Sea after word China seized an American underwater drone. SPDR gold trust holdings dropped by 0.63% i.e. 5.34 tonnes to 836.99 tonnes from 842.33 tonnes.

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