U.S. Stock Market Closed for Thanksgiving, Commodity Markets Quiet

On November 29, 2024, the U.S. stock markets were closed in observance of Thanksgiving, and there was a noticeable lack of trading data. Commodity markets also saw relatively quiet activity.

As of the morning on November 29, the U.S. Dollar Index (USD) had decreased to 105.89, and the yield on 10-year U.S. Treasury bonds continued its downward trend, dropping to 4.246%.

In the gold market, at the close of trading on November 28, spot gold fell by 0.3%, settling at $2,627.60 per ounce, while gold futures dropped 0.5% to $2,627 per ounce.

Brent crude oil futures declined by 0.1%, closing at $72.79 per barrel, and WTI oil futures decreased to $68.71 per barrel.

Sources indicate that OPEC+ may be discussing a planned oil production increase scheduled for January 2025. The group will hold a meeting next week to finalize their decision.

Overall, trading volumes were low due to the U.S. market closure on November 28 for Thanksgiving.

Source: SFVN (Compiled)