Categories: Business

Spot silver extends rally to hit $75 per ounce for first time

Dec 26 (Reuters) – Spot silver climbed to $75 an ounce on Friday, supported by robust industrial and investment demand, tightening inventories, geopolitical tensions and expectations of further U.S. interest rate cuts. Silver prices rose 3.5% to $74.46 per ounce by 0229 GMT, after touching an all-time high of $75.14 earlier in the session. (Reporting by Sherin Elizabeth Varghese and Ishaan Arora in Bengaluru; Editing by Christian Schmollinger)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Surat Indoor Stadium Comes Alive as V N Godhani School Hosts Grand Annual Function

Surat (Gujarat) [India], December 25:  V. N. Godhani English School, located in the Katargam area…

40 minutes ago

Bharat Lubricants: Decades of Excellence Solidify Surat-Based Manufacturer’s Global Presence

Surat (Gujarat) [India], December 25: Bharat Lubricants, a prominent Automotive and Industrial lubricants manufacturer rooted…

51 minutes ago

China launches venture capital funds to invest in 'hard technology', state media report

BEIJING, Dec 26 (Reuters) - China on Friday launched three venture capital funds to invest…

2 hours ago

Asia stocks rise to six-week high; precious metals on a tear

By Ankur Banerjee SINGAPORE, Dec 26 (Reuters) - Asian stocks rose to their highest in…

3 hours ago

China launches venture capital funds to invest in 'hard technology', state media report

BEIJING, Dec 26 (Reuters) - China on Friday launched three venture capital funds to invest…

3 hours ago

Morocco Coach dismisses Aguerd injury talk, backs Ait Boudlal ahead of Mali test

VIDEO SHOWS: TRAINING SESSIONS AND NEWS CONFERENCES BEFORE THE AFCON GROUP MATCH BETWEEN MOROCCO AND…

4 hours ago