Metals News July 29, 2024
29 thg 7, 2024
Friday's PCE deflator report was close to expectations and supported the case for a FOMC rate cut in September. On a month-on-month basis, the June PCE deflator report of +0.1% m/m (headline) and +0.2% (core) was exactly in line with market expectations. On a year-on-year basis, the June PCE deflator of +2.5% y/y was in line with market expectations, fell from +2.6% in May, and matched the 3-1/4 year low of +2.5% posted earlier this year. The June core PCE deflator of +2.6% y/y was slightly stronger than expectations of +2.5% and was unchanged from May's 3-1/4 year low of +2.6%.
Friday's final-July University of Michigan US consumer sentiment index was revised upward by +0.4 points to 66.4 from the preliminary-July level of 66.0, which was slightly weaker than expectations for a +0.5 point upward revision to 66.5. The July level of 66.4 was an 8-month low and was down by -1.8 points from June's 68.2.
Silver September contract experienced a slight recovery in the last trading session of the previous week. The settlement price on July 26 was $28.02 per troy ounce, up 0.16% compared to the previous session.
Platinum October contract closed last week with a decline. The settlement price on July 26 was $944.4 per troy ounce, down slightly by 0.14% compared to the previous session.
Copper September contract edged down in the last trading session of the week. The settlement price on July 26 was $4.12 per pound, down 0.04% compared to the previous session.
Source: Barchart
Related Posts
Nhập khẩu đồng của Trung Quốc vẫn mạnh mẽ, trong khi tồn kho đang giảm. Chỉ số Nhu cầu Đồng hạ nguồn của ANZ cho thấy tăng trưởng tích cực, đặc biệt trong lĩnh vực lưới điện và xe điện – những ngành sử dụng lượng đồng đáng kể.
Điểm tin Kinh tế 14.02.2025: Kinh tế Trung Quốc phục hồi, giá đồng nhích tăng
14 tháng 2, 2025
Copper prices also moved higher amid concerns that the metal could become the next target in the ongoing trade war.
Economic Highlights 13.02.2025: Fearing it could be the next product to face tariffs, copper prices surged.
13 tháng 2, 2025
Related Post
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
