Metals News September 6, 2024
6 thg 9, 2024
The dollar index fell to a 1-week low on Thursday and ended down by 0.25%. The dollar declined after the employment report released by ADP, a payroll processing company, showed that the U.S. added 99,000 private-sector non-farm jobs in August. This figure was 45,000 jobs lower than expected and marked the lowest increase since January 2021. The July 2024 data was also revised down to 111,000 jobs from the previously reported 122,000. This is a sign that the U.S. labor market is deteriorating.
The December Silver Futures price increased. The settlement price on September 5 was $29.099 per troy ounce, up 1.9% from the previous session.
The October Platinum Futures price surged. The settlement price on September 5 was $930.3 per troy ounce, up 2.42% from the previous session.
The October Copper Futures price rose. The settlement price on September 5 was $4.094 per pound, up 1.44% from the previous session.
Source: Compiled
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At the close of Wednesday’s trading session, oil prices continued to decline by around 1% after U.S. crude oil inventory data showed a smaller-than-expected drop, coupled with ongoing low demand in China.
Economic News August 29,2024
29 tháng 8, 2024
According to the Mercantile Exchange of Vietnam (MXV), in yesterday's trading session (August 28), the global commodities market faced strong selling pressure.
A strong wave of selling pressure has returned to the global commodities market.
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29 tháng 8, 2024
India is considering an increase in import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices, two government sources said on Wednesday.
India plans to raise vegetable oils import taxes, government sources say
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28 tháng 8, 2024
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