Palladium Jun 24 (PA=F)
| Pre. Settlement | N/A |
| Settlement date | 2024-06-26 |
| Open | 1,005.00 |
| Bid | 1,005.50 |
| Last price | 1,008.30 |
| Day's range | 995.50 - 1,017.00 |
| Volume | |
| Ask | 1,007.00 |
- Yahoo Finance Video
Commodities continue to see upside in first week of Q2 2024
The US dollar is moving higher after March's jobs data released Friday morning. Positive price action is reverberating across the commodity sector, notably cocoa futures (CC=F) and precious metals like gold (GC=F). Yahoo Finance Senior Markets Reporter Jared Blikre reviews the upsides seen across commodities in the first trading week of 2024's second quarter. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Luke Carberry Mogan.
ReutersGold stumbles on strong US data, as traders strap in for more
Gold eased on Wednesday after data showed strong U.S. business activity, even as a weakened dollar limited losses, while investors looked ahead to more economic indicators to assess when the Federal Reserve might first cut interest rates. "Gold prices are pretty insulated from a hawkish repricing in rates markets, because there are signs that investors are historically under-positioned in gold despite markets expecting an imminent start to the Fed's cutting cycle," said Daniel Ghali, commodity strategist at TD Securities. A strong U.S. economy and pushback from central bank officials is leading some investors to rethink their bets on how quickly the Fed will cut rates this year.
ReutersGold edges up as traders eye cues on US rate cuts
Gold prices inched higher on Tuesday, as investors awaited a slew of U.S. economic data this week for more cues to the Federal Reserve's timeline for interest rate cuts. Spot gold was up 0.2% to $2,025.09 per ounce by 2:00 p.m. ET (1900 GMT). Gold futures settled 0.2% higher at $2025.8.
