Fed

Trump to fire Powell?

The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.

Spot Silver Loses Grip Below $31.50

The Spot silver price drifts lower to around $31.20, snapping the two-day winning streak during the early European session on Thursday. The cautious stance on cutting rates by the Federal Reserve (Fed) weighs on the white metal. 

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MCX Silver futures

As Expected, MCX Silver 87880 to to 91450

Silver price remains subdued as PBoC maintained the benchmark interest rate at 3.1% for November. Silver price (White Metal) retraces its recent gains, trading around $31.20 per troy ounce during the Asian session on Wednesday.

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