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Metals News September 27, 2024

27 thg 9, 2024

The U.S. Dollar Index on Thursday fell by 0.41%. The dollar came under pressure after the Chinese yuan rose to a 16-month high against the dollar, thanks to the Chinese government's enhanced economic stimulus measures. However, the decline in the dollar was limited by the stronger-than-expected U.S. Q2 GDP. Additionally, U.S. weekly initial unemployment claims unexpectedly dropped by 4,000 to a 4-month low of 218,000, indicating a stronger labor market than the forecast of a rise to 223,000.

 

The December Silver Futures Price increased. The settlement price on September 26 was $32.341 per troy ounce, up by 1.01% from the previous session.

 

The November Platinum Futures Price continued to rise. The settlement price on September 26 was $1,015.8 per troy ounce, up by 1.91% from the previous session.

 

The December Copper Futures Price rebounded sharply. The settlement price on September 26 was $4.639 per pound, up by 3.3% from the previous session.


Source: Compiled

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