Silver Gains As US PCE Data Solidified Investor’s Beliefs Of Fed’s Policy.
Silver recorded a gain of 0.72%, settling at 71279, supported by a weakened greenback as traders digested the latest macroeconomic data from the US.
The core price gauge attached to the PCE, closely monitored by the Federal Reserve, showed a 0.4% rise in January, meeting market expectations. Despite concerns about the tight labour market, initial jobless claims slightly exceeded forecasts, alleviating some worries
