Silver gained as the dollar weakened amid rising optimism about a reduction in U.S. interest rate later this month and another possible cut before the end of current year.
Fed’s Powell expressed worries that the U.S. economy was under threat from a number of uncertainties, not least the U.S.'s trade disputes.
Data showed weekly jobless claims came in at 209,000, lower than the expected 220,000, adding to signs that the U.S. labor market remains strong.
Meanwhile, core consumer prices increased by the most in nearly one-and-a-half years in June, data showed.
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