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
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At the close of Wednesday’s trading session, oil prices continued to decline by around 1% after U.S. crude oil inventory data showed a smaller-than-expected drop, coupled with ongoing low demand in China.
Economic News August 29,2024
29 tháng 8, 2024
According to the Mercantile Exchange of Vietnam (MXV), in yesterday's trading session (August 28), the global commodities market faced strong selling pressure.
A strong wave of selling pressure has returned to the global commodities market.
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29 tháng 8, 2024
India is considering an increase in import taxes on vegetable oils to help protect farmers reeling from lower oilseed prices, two government sources said on Wednesday.
India plans to raise vegetable oils import taxes, government sources say
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28 tháng 8, 2024
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