US stocks cooled down in the third trading session, the prices of precious metals such as gold were also mixed.
The financial economic news shows US Stock Market Situation November 12: At the end of the session, the Dow Jones index closed at 43,910.98 points, down 0.86% compared to the previous session. The five-session streak of the two major US indexes also ended when the S&P 500 index fell 0.29%, to 5,983.99 points; the Nasdaq Composite index fell 0.09%, to 19,281.40 points.
On the US Treasury bond situation, on the morning of November 13, the yield on treasury bonds inched up to 4.428%. The USD also increased against 6 other major currencies, the Dollar Index (DXY) increased by 0.41%, reaching 105.95.
About Gold Situation, at the end of the trading session on November 12, spot gold contracts decreased by nearly 1%, to 2,600.49 USD/ounce. Gold futures contracts decreased by 0.4% to 2,606.4 USD/ounce.
On the situation of the commodity trading market: Brent crude futures rose to $71.89 a barrel. WTI crude futures rose to $68.12 a barrel.
Economic and financial news about The metal group had some mixed developments. Silver price in December 2024 increased slightly by 0.5% to 30,759 USD/troy ounce. Platinum price in January 2024 fell by 2% to 948.2 USD/troy ounce. Copper also fell by more than 2% to 4,1365 USD/pound.
Copper prices led the declines as the dollar strengthened, with investors seemingly joining the “watchdog” team, staying on the sidelines. Uncertainty over Trump’s return also weighed on sentiment.
China is reportedly considering a plan to cut the property transfer tax for buyers from the current 3% to as low as 1%, according to a Bloomberg report; but this has failed to provide any impetus to the iron ore market, with prices falling below $100 a tonne, their lowest in more than two weeks. This comes after signs of increased supply. Port inventories are now at their highest levels ever for this time of year.
