Silver subdued as US jobs data eyed
08/05/2015 12:27
Silver futures were trading lower in the domestic market on Friday as investors and speculators adopted a cautious approach ahead of the key US non-farm payrolls data to be unveiled later in the session and that may dictate the timing of a maiden Federal Reserve interest rate lift-off since 2006.
American employers probably added 224,000 workers in the month of April, following March’s 126,000 increase that was the lowest since December 2013, analysts reckoned.
At the MCX, Silver futures for July 2015 contract is trading at Rs 37,854 per 1 kg, down by 0.03 per cent after opening at Rs 37,800, against the previous closing price of Rs 37,865. It touched the intra-day low of Rs 37,724. (At 12:19 PM).
08/05/2015 12:27
Silver futures were trading lower in the domestic market on Friday as investors and speculators adopted a cautious approach ahead of the key US non-farm payrolls data to be unveiled later in the session and that may dictate the timing of a maiden Federal Reserve interest rate lift-off since 2006.
American employers probably added 224,000 workers in the month of April, following March’s 126,000 increase that was the lowest since December 2013, analysts reckoned.
At the MCX, Silver futures for July 2015 contract is trading at Rs 37,854 per 1 kg, down by 0.03 per cent after opening at Rs 37,800, against the previous closing price of Rs 37,865. It touched the intra-day low of Rs 37,724. (At 12:19 PM).
