Metals News August 21,2024
21 thg 8, 2024
The dollar index continued its sharp decline on Tuesday, falling by 0.44% to record a 7-1/2 month low, pressured by decreasing Treasury bond yields. In addition to the dollar's drop, the metals group also received support from other positive economic data. According to yesterday’s report, Eurozone construction output in June increased by 1.7% compared to the previous month, marking the largest increase in 17 months, a positive factor for industrial metal demand.
September Silver Contracts increased. The settlement price on August 20 was $29.519 per troy ounce, up 0.73% from the previous session.
October Platinum Contracts decreased slightly. The settlement price on August 20 was $955.6 per troy ounce, down 0.76% from the previous session.
September Copper Contracts decreased slightly. The settlement price on August 20 was $4.159 per pound, down 0.53% from the previous session.
Source: Collected from various sources
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