Silver settled flat after Fed delivered a widely expected interest rate cut but left traders uncertain on the outlook for further monetary easing.
Fed’s Powell “did not explicitly commit himself to further rate cuts” and indicated the Fed would make its decisions from meeting to meeting
The report from the Commerce Department also showed permits for future home construction rose to levels last seen in 2007.
Housing starts jumped 12.3% to a seasonally adjusted annual rate of 1.364 million units last month, the highest level since June 2007.
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