Metals News August 15, 2024
15 thg 8, 2024
The US dollar index on Wednesday recovered from a 1-week low and rose by 0.01%. The US July CPI report on Wednesday strengthened the outlook that the Fed might cut interest rates by 50 basis points at the upcoming September FOMC meeting.
Investors heavily sold off precious metals following the July Consumer Price Index (CPI) report from the US Department of Commerce.
The September Silver Contract price fell sharply. The settlement price on August 14 was 27.339 USD/troy ounce, down 1.61% from the previous session.
The October Platinum Contract price declined significantly. The settlement price on August 14 was 929.6 USD/troy ounce, down 1.72% from the previous session.
The September Copper Contract price decreased slightly. The settlement price on August 14 was 4.04 USD/pound, down 0.28% from the previous session.
Source: Collected from various resources
Related Posts
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
.png)
29 tháng 8, 2024
Coffee prices continue to maintain a strong upward trend today.
Coffee News August 29, 2024
.jpg)
29 tháng 8, 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