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Gold Silver Latest Updates for 21 Dec 2016, Must Read!

Gold Silver Latest Updates for 21 Dec 2016, Must Read!

Silver trading range for the day is 38329-40107.Silver prices dropped as a leading dollar index revived its move to fresh 14-year highs. Silvers decline comes as Treasury yields remain elevated and global financial markets continue to monitor the uncertainties around violent attacks in Berlin. Holdings at ishares silver trust dropped by 0.22% i.e. 23.59 tonnes to 10552.24 tonnes from 10575.83 tonnes.

Gold trading range for the day is 26934-27292.Gold fell as the dollar rose and investors sold on expectations of stronger global economic growth and higher U.S. interest rates Optimistic remarks on the U.S. labor market by Feds Yellen strengthened the possibility of further rate hikes next year. Gold needs to see signs of economic instability to push up, but that is unlikely in the current environment of rising global equity markets.

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