Silver dropped after a string of mixed U.S. economic indicators came but strong enough to convince investors that Fed remains on track to wind down stimulus measures
The number of individuals filing for initial jobless benefits fell by 24,000 to 297,000 from the previous week’s revised total of 321,000.
The Fed is currently buying $45 billion in Treasury and mortgage debt a month to suppress long-term interest rates to kick-start the economy.
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