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Metals News September 26, 2024

26 thg 9, 2024

The U.S. Dollar Index rose by 0.43% on Wednesday. The dollar rebounded after U.S. new home sales for August exceeded expectations. The rise in bond yields on Wednesday also increased the dollar's interest rate differential advantage. Initially, the dollar declined due to the strength of the Chinese yuan, which reached its highest level in 16 months thanks to new government stimulus measures rolled out this week.


U.S. new home sales in August fell by 4.7% month-over-month to 716,000, less than the expected drop to 700,000.


December Silver Futures prices fell. The settlement price on September 25 was $32.018/troy ounce, down 1.27% compared to the previous session.

November Platinum Futures prices edged up. The settlement price on September 25 was $996.8/troy ounce, up 0.4% compared to the previous session.


December Copper Futures prices saw a slight decline. The settlement price on September 25 was $4.49/pound, down 0.04% compared to the previous session.


Source: Compiled

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