Mumbai, Feb. 18 -- Silver moved back toward $76 per ounce on Wednesday, finding a floor after two sessions of weakness as bargain hunting picked up ahead of the January policy minutes from the Federal Reserve. A broadly range-bound US dollar, with the dollar index lingering around 97, provided additional support as investors positioned for fresh guidance on the future interest rate trajectory. Attention has now shifted to the upcoming PCE Price Index and GDP data due later this week. On the domestic front, MCX silver futures for March delivery climbed more than 4% to Rs.238,174 per kg, rebounding decisively from the prior session's low of Rs.226,076.
Published by HT Digital Content Services with permission from Capital Market....