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Metals News September 13, 2024

13 thg 9, 2024

The US Dollar Index fell by 0.33% on Thursday, retreating from a one-week high due to weaker-than-expected US weekly jobless claims, signaling a weakening labor market and reducing pressure on the Federal Reserve to raise interest rates. Additionally, a stronger Euro also contributed to the dollar's decline after the European Central Bank (ECB) cut its deposit rate by 25 basis points to 3.5% and slightly lowered its 2024 GDP growth forecast while raising its inflation outlook.


The December Silver Futures price surged. The settlement price on September 12 was $30.107 per troy ounce, up 4.08% from the previous session.


The October Platinum Futures price saw a strong increase. The settlement price on September 12 was $982.2 per troy ounce, up 2.72% from the previous session.


The October Copper Futures price rose. The settlement price on September 12 was $4.149 per pound, up 1.24% from the previous session.


Source: Compiled

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