The U.S. Dollar Index (DXY00) dropped by 0.10% on Friday. The dollar was pressured after the University of Michigan's October consumer sentiment index unexpectedly declined. Additionally, the September U.S. Producer Price Index (PPI) report showed producer prices fell to 1.8% year-over-year, below the Fed's 2.0% target, reinforcing expectations that the Fed may cut interest rates by 25 basis points at the upcoming FOMC meeting. Furthermore, the S&P 500's rally to a record high on Friday reduced liquidity demand for the dollar.

At the close of trading on October 11, 2024:

• Silver futures for December 2024 fell by 0.68%, down to $31.28/troy ounce, a decrease of $0.22 from the previous session.

• Platinum futures for January 2025 dropped slightly by 0.42%, or $4.00, closing at $950.00/troy ounce.

• Copper futures for December 2024 ended the session up 1.49%, rising to $4.45/pound, an increase of $0.07 from the prior session.

  
  

Source: Compiled data