US stocks continue to hit all-time highs. Meanwhile, coffee prices on both exchanges witnessed a strong sell-off.
Financial economic news at the end of the session on December 2, the S&P 500 and Nasdaq Composite indexes both reached record highs, recording 6,047.15 points and 19,403.95 points respectively. In contrast, the Dow Jones index decreased 0.29% to 44,782.00 points.
PMI data showed the US manufacturing sector improved in November, although it remained in recession.
The US dollar index was anchored at 106.52 points on the morning of December 2, while the yield on the 10-year US Treasury bond continued to fall to 4.188%. The stronger US dollar was partly due to US President-elect Donald Trump's statement that BRICS countries should refrain from trying to replace the US dollar.
Regarding gold prices, at the end of the trading session on December 2, spot gold contracts decreased by 0.6% to 2,636.54 USD/ounce, having decreased by 1% at the beginning of the session. Gold futures contracts decreased by 0.8% to 2,658.50 USD/ounce.
Similarly, the prices of other metals also decreased, in which the price of silver in January 2025 decreased by 0.8%, down to 30,586 USD/troy ounce, the price of platinum fell by 0.4% to 950.4 USD/troy ounce, and the price of copper decreased by 0.2% to 4,0945 USD/pound.
Notably, coffee prices on both exchanges also witnessed a strong sell-off. Arabica coffee futures for March 2025 fell 7% to $296.05/ton; while Robusta coffee prices fell 11% to 4.834 cents/pound.
At the end of the trading session on December 2, the Brent crude contract fell slightly to $71.83/barrel. The WTI crude contract increased by 0.15% to $68.10/barrel. The OPEC+ group will meet on the plan to delay the production increase plan until December 5. Let's follow HVA to update and grasp the fastest information about the financial market every day.
