news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

interest rates cut by global central banks have stimulated investment interest in precious metals. riding the coattails of gold rising to record highs, silver rose to a new high in nearly 12 years.

on september 26, spot silver closed at us$32.03 per ounce, up 0.6%, and hit its highest intraday price of us$32.71 since december 2012.

silver has been one of the best-performing major commodities this year, with the federal reserve easing monetary policy last week and the prospect of further interest rate cuts boosting the precious metal, which does not earn interest. silver's gains have also been supported by the possibility of increased industrial use as china takes a series of measures to boost economic growth, while silver etfs are also showing signs of increased inflows.

spot gold closed at $2,670.2 an ounce, up 0.5%, having earlier hit a record high of $2,685.42. u.s. gold futures for december delivery closed at $2,694.9 an ounce, up 0.4%.

as china once again launched a number of favorable policies that exceeded expectations, hopes of increasing metal demand have increased, and copper prices have also risen to the highest level in nearly 16 weeks.

three-month copper on the london metal exchange (lme) once broke through the psychological barrier of $10,000 per ton, hitting $10,089.50, the highest since june 7. it rose 2.8% to $10,084 as of 1600 gmt. copper futures on the u.s. new york mercantile exchange (comex) rose 3.3% to us$4.58 per pound.