Silver MCX Tips Today – Silver 61000 To 62365 = 1400 Points Up – Seller Rona Mana Hai – Neal Bhai
Silver yesterday settled up by 2.05% at 61145 largely due to safe-haven interest amid continued uncertainty about the pace of the economic recovery. The dollar’s weakness amid renewed optimism about a new coronavirus relief package supported uptick.
Data released by the Labor Department said first-time claims for U.S. unemployment benefits declined by more than expected in the week ended September 26th, falling by 36,000 from a revised level of 873,000 a week earlier to 837,000.
A report from the Commerce Department said personal income in the U.S. tumbled by 2.7% in August after rising by an upwardly revised 0.5% in July. Meanwhile, the report said personal spending climbed by 1% in August after jumping by a downwardly revised 1.5% in July.
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Personal spending was expected to increase by 0.8% compared to the 1.9% spike originally reported for the previous month. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi said they will continue talks on a broad coronavirus relief bill, raising hopes that U.S. lawmakers could finally agree on the long-stalled relief package for the world’s top economy.
Silver MCX Tips Today
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