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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Wheat prices continue to face strong selling pressure.
Agriculture News August 23, 2024
23 tháng 8, 2024
The overwhelming selling pressure dragged the MXV-Index down by an additional 0.59% to 2,102 points, extending the losing streak to three consecutive sessions. By the close of the market, nearly the entire price board for metals and agricultural products was covered in red.
The metal and agricultural markets are ablaze, causing the MXV-Index to continue its decline.
23 tháng 8, 2024
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