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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At the end of Tuesday’s trading session, oil prices surged by around 2%, marking a three-week high following China’s monetary easing measures to boost its economy.
Economic News September 25, 2024
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The dollar index rose by 0.14% on Monday. The dollar strengthened as concerns over the Eurozone economy weakened the euro after the Eurozone’s September manufacturing and composite PMI indices contracted more than expected.
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