Silver climbed back above $30 an ounce on Wednesday, near its highest level in a month, as lower underlying inflation in the U.S. supported bets of less-tight monetary policy by the Fed. Core inflation unexpectedly slowed in December, while headline inflation held off from surprising to the upside.
The results also supported bullion as they lower the opportunity cost of holding the interest-bearing asset. However, uncertain demand for silver's manufacturing uses kept prices well below a 12-year high of $35 in October.
Source : Newsmaker.id
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