Commodities
Silver Prices Surge as US Dollar Weakens Ahead of Fed Decision
The price of silver (XAG/USD) has risen to near $66.40 as the US Dollar declines in value.
This is amidst expectations that the Federal Reserve will raise interest rates at its policy meeting next week, although a lower US Dollar makes silver a favorable risk-reward bet for investors.
The US Consumer Price Index (CPI) data for August will be released on Friday and traders are awaiting this information to gain fresh cues regarding the Fed's monetary policy outlook.