Silver dropped as a surge in both the dollar and bond yields on mostly upbeat economic data reduced investor appetite to hold the precious metal.
U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate.
The U.S. yield curve could invert later this year or early 2019, St. Louis Federal Reserve James Bullard said, a scenario which has preceded recent U.S. recessions.
Subscribe now for best MCX Tips and NCDEX Tips
For quick free trial click here > 911 133 9000
No comments:
Post a Comment