Metals News September 23, 2024
23 thg 9, 2024
The U.S. Dollar Index on Friday rose by 0.11%. The dollar posted moderate gains on Friday due to the weakness of the yen after the Bank of Japan did not tighten its monetary policy. However, the dollar fell back from its highest levels on Friday after dovish comments from Federal Reserve Governor Waller, who said, "Inflation is running softer than I thought." Waller estimates that the core Personal Consumption Expenditure (PCE) price index—the Fed's preferred inflation gauge—is increasing at an annualized rate of 1.8% over the past three months, lower than the Fed's 2% target.
The Eurozone consumer confidence index for September increased by 0.5 to a 2.5-year high of -12.9, stronger than the forecast of -13.2.
The German PPI for August rose by 0.2% month-over-month and fell by 0.8% year-over-year, stronger than the forecast of unchanged month-over-month and a -1.0% year-over-year decrease.
The December Silver Futures prices continued to rise slightly. The settlement price on September 20 was $31.505 per troy ounce, up 0.26% compared to the previous session.
The November Platinum Futures prices fell sharply. The settlement price on September 20 was $985.3 per troy ounce, down 1.07% compared to the previous session.
The December Copper Futures prices fell slightly. The settlement price on September 20 was $4.343 per pound, down 0.09% compared to the previous session.
Source: Compiled
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