Geopolitical, economic risks set stage for further gains in silver

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Geopolitical, economic risks set stage for further gains in silver - Business Standard

Quick Summary:

Ten-year US yields, after backing off from 4.56 per cent, high post-Moody's downgrading of the US credit, were hovering around 4.48 per cent, up around 0.6 per cent on the day.

On May 19, Japan’s PM Ishiba, a fiscal hawk, warned the members of Parliament, that any tax cuts can’t be paid for by more borrowings as the nation is facing a fiscal crisis worse than Greece with its borrowing costs hitting a 20-year high.

Iran, in its response to US President Trump's special envoy's demand that the Islamic republic cease its production of the fissile material, said that its uranium enrichment ability is 'non-negotiable’ and is a 'vital technology for' for its nuclear industry.