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Strength in US dollar continues to put pressure on gold, silver prices

Updated : May 22, 2018 12:02:23 IST

Strength in US dollar, almost holding around the five-month highs, has continued to put pressure on gold and silver prices. Both gold and silver has witnessed 0.25% of decline, holding around the psychological area, but there has been continued sell on all small rallies.

Metals are witnessing mixed trends.

Grovalue recommended selling aluminium and buying copper.

Crude oil prices have started on a flat to slightly positive note. International Energy Forum in Russia needs to be watched out for statements coming from OPEC, Russia and other oil producing companies.
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