The dollar retreated Wednesday as the yen soared to a 4-1/2 month high against the dollar after the BOJ unexpectedly raised its benchmark interest rate.  The dollar was also under pressure from a sharp rally in stocks, which curbs liquidity demand for the dollar.  In addition, weaker-than-expected US economic news Wednesday on Jul ADP employment and the Q2 employment cost index knocked the 10-year T-note yield down to a 4-1/2 month low and undercut the dollar.  The dollar maintained its losses after Fed Chair Powell said a Fed rate cut "could be" on the table at the September FOMC meeting.

The September Silver Contract price continued its positive uptrend. The settlement price on July 31 was $28.938 per troy ounce, up 1.45% from the previous session.

The October Platinum Contract price extended its gains for the third consecutive session. The settlement price on July 31 was $986.4 per troy ounce, up 1.59% from the previous session.

The settlement price on July 31 was nearly $4.2 per pound, up 2.26% from the previous session.

Source: Collected from various sources