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

Wheat stocks at the end of the first quarter are projected to be recorded at 1.973 billion bushels in the Grain Stocks report.

Agriculture News September 25, 2024

25 tháng 9, 2024

At the end of Tuesday’s trading session, oil prices surged by around 2%, marking a three-week high following China’s monetary easing measures to boost its economy.

Economic News September 25, 2024

25 tháng 9, 2024

The dollar index rose by 0.14% on Monday. The dollar strengthened as concerns over the Eurozone economy weakened the euro after the Eurozone’s September manufacturing and composite PMI indices contracted more than expected.

Metals News September 24, 2024

24 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