Metals News June 24, 2024
24 thg 6, 2024
Investor sentiment has yet to improve, even with weaker-than-expected retail sales reports from the U.S., which have heightened expectations for more accommodative monetary policies from major central banks worldwide.
The price of July Silver Futures dropped sharply, closing at $29.614 per troy ounce on June 21, down 3.92% from the previous day.
Automobile manufacturers reporting increased vehicle sales have supported platinum prices. Additionally, concerns about platinum supply from South Africa—the world's largest platinum producer—have contributed to the rise. The increase in gold prices has also lifted platinum prices, as investors seek alternative investment avenues amidst financial market volatility.
The price of July Platinum Futures increased, closing at $996.4 per troy ounce on June 21, up 1.23% from the previous day.
Conversely, the July Copper Futures price turned downward, closing at $4.442 per pound on June 21, reflecting a 1.26% increase from the previous day.
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