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Silver flat amid Fed policy outlook uncertainty

Silver futures were trading little changed during noon trade in the domestic market on Monday as mixed jobs data from the US offered little clarity over the timing of a maiden US interest rate hike since 2006 keeping traders on the sidelines.


Non-farm payrolls in the US climbed by 173000 in August compared to an upwardly revised 245000 gain in July and below expectations of a 217000 rise. However the unemployment rate fell to 5.1 per cent in August 2015 from 5.3 per cent in July 2015.


Silver a non-interest bearing asset becomes less attractive in a rising interest rate scenario

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Copper falls on sluggish German data

Copper prices fell by 0.50 per cent on Friday after German factory orders fell more-than-expected last month signaling weak sentiment in the region which reduced the demand outlook for the metal. In a report Bundesministerium fur Wirtschaft und Technologie said that German factory orders fell to a seasonally adjusted -1.4 per cent from 1.8 per cent in the preceding month whose figure was revised down from 2.0 per cent.


At the MCX copper futures for November 2015 contract were trading at Rs. 350.85 per 1 kg down by 0.50 per cent after opening at Rs. 351.50 against the previous closing price of Rs. 352.60. It touched the intra-day low of Rs. 350.25 till the trading. (At 4.20 PM today).

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