Metals News June 26, 2024
26 thg 6, 2024
Silver prices fell on Tuesday as Fed officials expressed concerns about rising inflation and the possibility of strong U.S. employment data.
The September 2024 Silver Contract decreased, with a settlement price of $29.193 per troy ounce on June 25, down 2.2% compared to the previous session.
Platinum prices faced pressure amid a slight increase in the USD and higher 10-year U.S. Treasury yields. This week, traders will be monitoring key U.S. economic data.
The October 2024 Platinum Contract dropped significantly, with a settlement price of $999 per troy ounce on June 25, down 1.46% from the previous session.
The September 2024 Copper Contract also declined, with a settlement price of $4.37 per pound on June 25, down 1.22% compared to the previous session.
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The strength of the stock market on Wednesday reduced liquidity demand for the dollar.
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The Dollar Index continued to decline, dropping by 0.3% to 101.14 points. Simultaneously, the U.S. dollar reached its lowest level against the euro and the British pound in over a year.
Economic News August 22, 2024
22 tháng 8, 2024
Green was the dominant color on the industrial and metal commodities price board, while many agricultural and energy commodities saw declines. The global raw material market remains volatile.
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