Metals News August 23, 2024
23 thg 8, 2024
The dollar index rebounded by 0.47% on Thursday and remained elevated after U.S. weekly continuing jobless claims rose less than expected, indicating a stronger labor market.
However, the dollar's gains were limited after the U.S. manufacturing PMI fell to an 8-month low of 48 points. The PMI's drop below 50 also reflects a contraction in the manufacturing sector, which could impact demand in the metal industry.
September Silver Futures prices dropped sharply. The settlement price on August 22 was $29.047 per troy ounce, down 1.65% from the previous session.
October Platinum Futures prices declined. The settlement price on August 22 was $953.7 per troy ounce, down 2.01% from the previous session.
September Copper Futures prices fell. The settlement price on August 22 was $4.148 per pound, down 1% from the previous session.
Source: Collected from various sources
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