Silver up on downbeat US non-manufacturing report
07/09/2016 08:55
Silver futures closed higher in the international market on Tuesday after the release of a very downbeat U.S. ISM non-manufacturing report for August. The weaker-than-expected ISM report comes on the heels of a slightly downbeat U.S. jobs report for August, which was released last Friday. This recent U.S. economic data plays right into the hands of the U.S. monetary policy doves, who do not want to see the Federal Reserve raise interest rates any time soon. Such a scenario would also be bullish for the precious metals markets.
07/09/2016 08:55
