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
Related Posts
The U.S. stock market rose in Monday’s trading session despite the Fed Chair's cautious stance on interest rate cuts.
Economic News October 01, 2024
1 tháng 10, 2024
After the grain inventory report revealed lower-than-expected figures, the agricultural commodity market experienced strong buying interest, with several items seeing simultaneous price increases. At the close of trading, the MXV-Index dropped slightly by 0.21%, settling at 2,205 points.
Cocoa prices plummeted, while corn prices surged after the inventory report
1 tháng 10, 2024
This decline followed weaker-than-expected reports on U.S. personal income and spending, which negatively impacted the dollar.
Metals News September 30, 2024
.jpg)
30 tháng 9, 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