Metals News July 15, 2024
15 thg 7, 2024
Silver Prices Fall Due to Profit-Taking by Speculators. However, silver prices may rise further due to expectations of a broader supply shortage in 2024, marking the fifth consecutive year of deficit.
India's silver imports surged in the first four months of 2024, surpassing the total imports for the entire year of 2023, reaching 4,172 tons.
September Silver Futures prices fell, with the settlement price on July 12 at $31.162 per troy ounce, down 1.61% from the previous session.
October Platinum Futures prices reversed and fell, with the settlement price on July 12 at $1,013.3 per troy ounce, down 0.11% from the previous session.
September Copper Futures prices rose, with the settlement price on July 12 at $4.59 per pound, up 1.92% from the previous session.
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The Dollar Index continued to rise, gaining 0.28% to reach 101.27 points. The U.S. dollar strengthened in the latest session as newly released data showed that the U.S. economy grew faster than expected.
Economic News August 30,2024
30 tháng 8, 2024
Oil prices surged amid prolonged supply disruptions in Libya, while Iraq prepared to cut production in September. Additionally, strong buying dominated the agricultural markets following the release of favorable U.S. export data by the USDA.
The Energy and Agricultural Markets Turn Green
30 tháng 8, 2024
A weaker U.S. dollar, improving sentiment across financial markets, and record-high gold prices have all contributed to a recent modest rebound in silver prices.
More upside seen for silver prices in coming months, says UBS
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29 tháng 8, 2024
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