Silver Prices Edge Low as Haven Need Dull
Silver has declined more than 3% over the past week.June gold futures also declined on Tuesday after paring losses at the start of the week. The contract was down $5.10, or 0.4%, at $1,272.40 a troy ounce through the early morning.The U.S. dollar index also stabilized from a selloff against the euro that was triggered by growing bets France would remain part of the European Union (EU). The dollar index rose 0.2% overnight before paring gains to settle flat at 99.06.The euro was little changed Tuesday morning, and was last seen trading at 1.0873 U.S..Precious metals ran into volatility on Monday after the first round of the French presidential election triggered a relief rally in global equities. Investors are betting that pro-EU Emmanuel Macron will emerge victorious in his second-round runoff against the National Front’s Marine Le Pen.European equity markets extended their rally Tuesday. The pan-European Stoxx 600 Index was up 0.3% through the midday. France’s CAC 40 Index advanced 0.2%, a day after it spiked more than 4% to reach its highest settlement in nine years.U.S. stock futures were also trading higher in pre-market activity, pointing to a positive start to the day on Wall Street.
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its three-week gains at the bullion market, on reduced offtake due to holiday-truncated week despite firm global trend.Marketmen said easing demand... read more ...
Oil prices slid nearly 1 percent as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.
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The Energy Information Administration (EIA) reported that natural gas in underground storage fell by 89 billion cubic feet ((bcf)) in the week endi... read more ...
Silver Price Equal Off with Notable Support
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BENGALURU, FEB 27:
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor...
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