Metals News August 27, 2024
27 thg 8, 2024
The U.S. Dollar Index on Monday recovered from a 13-month low and ended with a 0.13% gain. Dovish comments from the Fed on Monday weighed on the dollar while boosting demand for precious metals. Richmond Fed President Barkin stated that he still saw upside risks for inflation, but he supported "dialing down" interest rates as the labor market cools, and San Francisco Fed President Daly suggested that "the time to adjust policy has come."
The December Silver Futures price rose slightly. The settlement price on August 26 was $30.453 per troy ounce, up 0.65% compared to the last session of the previous week.
The October Platinum Futures price rose slightly. The settlement price on August 26 was $972.7 per troy ounce, up 0.68% compared to the last session of the previous week.
The October Copper Futures price rose slightly. The settlement price on August 26 was $4.235 per pound, up 0.57% compared to the last session of the previous week.
Source: Collected from various sources
Related Posts
Oil prices surged amid prolonged supply disruptions in Libya, while Iraq prepared to cut production in September. Additionally, strong buying dominated the agricultural markets following the release of favorable U.S. export data by the USDA.
The Energy and Agricultural Markets Turn Green
30 tháng 8, 2024
A weaker U.S. dollar, improving sentiment across financial markets, and record-high gold prices have all contributed to a recent modest rebound in silver prices.
More upside seen for silver prices in coming months, says UBS
29 tháng 8, 2024
Related Post
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.