Metals News July 8, 2024
8 thg 7, 2024
Silver prices have increased due to a weakening US dollar and expectations that the Federal Reserve (Fed) will cut interest rates in September, according to Kitco.
On July 5, the September silver contract closed at $31.689 per troy ounce, up by 0.22% compared to the previous trading session.
The World Platinum Investment Council forecasts a platinum deficit of 418,000 ounces for 2024, a reduction from the record deficit of 878,000 ounces in 2023.
The October platinum contract also saw a significant rise, closing at $1,046 per troy ounce on July 5, up by 3.22% from the previous session.
Similarly, the September copper contract surged, closing at $4.65 per pound on July 5, marking a 2.61% increase compared to the same period last year.
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