Metals News June 27, 2024
27 thg 6, 2024
Caution Prevails, Putting Pressure on Silver Prices Ahead of Key U.S. Inflation Data. The PCE Inflation Report Puts Pressure on Precious Metals, While the Fed's Stable Interest Rate Stance Increases Market Uncertainty.
September Silver Contract Prices Rebound, with the settlement price on June 26 at 29.256 USD/troy ounce, up 0.22% from the previous trading session.
Platinum Prices Rise Sharply, unaffected by the general trend of other metals or the stronger USD. Speculators are clinging to supply shortage predictions.
October Platinum Contract Prices Soar, with the settlement price on June 26 at 1,036.1 USD/troy ounce, up 3.71% from the previous session.
September Copper Contract Prices Remain Steady, with the settlement price on June 26 at 4.37 USD/pound.
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This decline followed weaker-than-expected reports on U.S. personal income and spending, which negatively impacted the dollar.
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