Metals News July 19, 2024
19 thg 7, 2024
Despite expectations for a Federal Reserve rate cut in September, the US dollar has gained strength, driving silver prices lower. Recent data from the Bureau of Labor Statistics shows a rise in unemployment claims to 243,000, marking the highest 4-week average in over two and a half years, signaling a weakening job market.
Silver September contract prices continue to decline. The settlement price on July 18 was 30,224 USD/troy ounce, down 0.5% compared to the previous session.
Platinum October contract price dropped sharply. The settlement price on July 18 was 986 USD/troy ounce, down 2.19% compared to the previous session.
Copper September contract price decreased for 4 consecutive sessions, the settlement price on July 18 was 4.28 USD/pound, down 2.93% compared to the previous trading session.
Source: Colleted from various source
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