Metals News July, 31 2024
31 thg 7, 2024
On Tuesday, the U.S. dollar retreated from its 2.5-week high and ended with a small change after a series of better-than-expected data releases. Additionally, the two-day FOMC meeting on Tuesday increased short-covering activity.
The US May S&P CoreLogic composite-20 home price index rose 6.81% y/y, stronger than expectations of 6.60% y/y.
US Jun JOLTS job openings fell 46,000 to 8.184 million, showing a stronger labor market than expectations of 8.000 million.
The Conference Board US Jul consumer confidence index rose +2.5 to 100.3, stronger than expectations of 99.7.
The September Silver contract price surged. The settlement price on July 30 was $28.525 per troy ounce, up 2.36% from the previous session.
The October Platinum contract price continued its upward trend. The settlement price on July 30 was $971 per troy ounce, up 1.4% from the previous session.
The September Copper contract price remained flat compared to the previous session. The settlement price on July 30 was over $4.08 per pound.
Source: Barchart
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