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Gold Silver Latest Updates for 12 Jan 2017

Gold Silver Latest Updates for 12 Jan 2017

Silver trading range for the day is 40263-41621.Silver remained under pressure as the dollar recovered a bit from a sell-off after President-elect Donald Trump held a freewheeling press conference BOEs Carney said that Britain’s giant financial services sector could be undermined if key parts of the industry move elsewhere because of Brexit. Holdings at ishares silver trust dropped by 0.83% i.e. 88.45 tonnes to 10524.06 tonnes from 10617.12 tonnes.

Gold trading range for the day is 27979-28505.Gold edged higher as the dollar weakened after Donald Trump provided little clarity on future fiscal policies. Bargain buying in the cash market and short sellers in the futures market liquidating their positions are lifting bullion Today the Labor Department’s import prices report is expected to show prices rising 0.7 percent in December.

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