Silver On MCX Settled Up 0.37% At 36420 As Investors’ Risk Appetite Showed

Silver on MCX settled up 0.37% at 36420 as investors’ risk appetite showed signs of recovery from the recent rout caused by Sino-U.S. trade tensions.

Gains in the precious metal were supported by safe haven demand on news that China is prepared to use rare earths to strike back at the U.S., an escalation of the trade dispute that threatens to derail the global economy.

But risk appetite made a tepid recovery with traders shifting investments back to global stocks at the cost of the precious metal.

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