Metals News September 11, 2024
11 thg 9, 2024
The Dollar Index slightly increased by 0.08% on Tuesday, supported by reduced speculation of a 50 basis point rate cut by the Fed. The SWAP market is pricing in a 34% probability of a 50 basis point rate cut at next week's FOMC meeting, down from 50% following last Friday's U.S. employment report. Additionally, the rise of the dollar is capped by lower liquidity demand due to the strong surge in stocks.
The December Silver Futures price slightly declined. The settlement price on September 10 was 28.614 USD/troy ounce, down 0.13% compared to the previous session.
The October Platinum Futures price slightly decreased. The settlement price on September 10 was 944.3 USD/troy ounce, down 0.27% compared to the previous session.
The October Copper Futures price dropped. The settlement price on September 10 was 4.056 USD/pound, down 1.1% compared to the previous session.
Source: Compiled
Related Posts
Recently, information that Vietnam has intentionally 'hoarded' coffee has contributed to pushing the price of Robusta coffee to its highest level in 30 years. However, according to the Mercantile Exchange Of VietNam (MXV), this is just a rumor.
Is Vietnam Intentionally Hoarding Coffee to Await Further Price Increases?
14 tháng 3, 2024
After several months of price increases, the price of construction steel has returned to a downward trend, with a decrease of about 200,000 VND per ton.
The price of construction steel has reversed and decreased after six consecutive price increases
13 tháng 3, 2024
The recovery in corn prices over the past two weeks seems to be slowing this week, with prices showing a nearly 1% drop at the start of the session. Under pressure from the favorable supply outlook from South America, the selling side may continue to dominate the corn market at the start of the week.
Competitive pressure from South America could weaken CBOT corn prices
12 tháng 3, 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