top of page

Metals News August 06, 2024

6 thg 8, 2024

The dollar recovered from its worst levels Monday after the US Jul ISM services index rose more than expected. Also, Chicago Fed President Goolsbee's comments supported the dollar when he said US economic growth continues at a "fairly steady level."


The US Jul ISM services index rose +2.6 to 51.4, stronger than expectations of 51.0.


Chicago Fed President Goolsbee said last month's job numbers "came in weaker than expected but are not looking yet like a recession" as US economic growth continues at a "fairly steady level."


The September Silver Contract saw a steep decline. The settlement price on August 5 was $27.207 per troy ounce, down 4.17% from the previous week's close.


The October Platinum Contract continued to decline. The settlement price on August 5 was $915.5 per troy ounce, down 5.38% from the previous session.


The September Copper Contract also experienced a significant drop. The settlement price on August 5 was nearly $4 per pound, down 2.53% from the previous session.


Source: Collected from various sources

Related Posts

The Mercantile Exchange of Vietnam (MXV) reported that global commodity prices continued to fluctuate during yesterday's trading session (September 10).

After a bright session, global commodity prices continue to reverse.

11 tháng 9, 2024

At the close of Tuesday’s session, oil prices fell to their lowest levels in three years after OPEC lowered its forecast for oil demand this year and next.

Economic News September 11, 2024

11 tháng 9, 2024

The depreciation of the USD and weather conditions in Brazil continue to raise concerns about supply, affecting coffee prices in the market.

Coffee News September 10, 2024

10 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