MCX SILVER: MCX Silver rose on Thursday as a upwelling in the number of new coronavirus cases in China ruined expectations that the widespread was reducing and drove investors to safe-haven assets. Hubei reported 242 new deaths and confirmed 14,840 new cases as of Wednesday; a melodramatic increase from the 2,015 new cases a day before after China began spending a new clinical method for diagnosis. It is the fastest upsurge in the daily death total since the outburst evaluated on Asian equities, but elevated the bullions. Amongst reducing global economic growth, negative Treasury yields and enabling monetary policy around the world, investors are now observing for any information about the economic influence of the coronavirus endemic. In the meantime, Federal Reserve Chair Jerome Powell on Wednesday confirmed his confidence in the U.S. economic outlook, but said he anticipated some strain "soon" from the virus. U.S. central bank had left benchmark interest rates untouched in its latest policy meeting, quoting adequate economic growth and strong jobs market, but warned a probable smash due to the outburst.