top of page

Metals News October 1, 2024

1 thg 10, 2024

The U.S. Dollar Index increased by 0.45% on Monday, recovering from overnight losses and rising moderately due to hawkish comments from Federal Reserve Governor Bowman. These comments diminished the likelihood of a 50 basis point rate cut at the November FOMC meeting, as she stated that core inflation remains "uncomfortably" above the Fed’s 2% target. Additionally, the U.S. Chicago PMI for September unexpectedly rose by 0.5 to 46.6, stronger than the forecasted decline of 0.1 to 46. The Dallas Fed’s September manufacturing outlook survey also unexpectedly climbed by 0.7 to a 20-month high, surpassing expectations for a drop to 10.8.

 

The December Silver Futures prices fell. The settlement price on September 30 was $31.458 per troy ounce, down 1.13% from the previous week's session. 

 

At the close of September 30, the November Platinum Futures prices settled at $984.3 per troy ounce, a sharp drop from the previous week's session. 

 

The December Copper Futures continued their downward trend. The settlement price on September 30 was $4.553 per pound, down 1.01% from the previous week's session. 


Source: Compiled

Related Posts

Global coffee prices continue to fluctuate due to the depreciation of the USD and weather conditions in Brazil.

Coffee News September 6, 2024

6 tháng 9, 2024

Corn and wheat prices have broken their consecutive upward trend

Agriculture News September 06, 2024

6 tháng 9, 2024

According to the Mercantile Exchange of Vietnam (MXV), by the close of trading on September 5, the MXV-Index rose 0.35% to 2,097 points, ending a four-session losing streak.

The MXV-Index has reversed its trend and ended its four-session losing streak.

6 tháng 9, 2024

Related Post

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

bottom of page