Global cues hit white metal
Silver futures fell during evening trade in the domestic market on Thursday as investors and speculators exited their positions in the precious metal on US dollar strengthening and signs that the US Fed likely to raise interest rates in December.
The strong US economic data helped buoyed dollar and further cemented the case for hiking interest rates in December. Dallas Fed Bank President Robert Kaplan suggested on Wednesday that it was time for an interest-rate raise as the US economy was making good progress toward full employment with inflation heading toward the Fed's 2% goal.
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