Home / Metal News / Precious Metals / [SMM News] the US dollar soars and metals are under pressure. European and American stocks fell sharply across the board.
[SMM News] the US dollar soars and metals are under pressure. European and American stocks fell sharply across the board.
Sep 21,2020 22:52CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM9 March 21: at night trading, the non-ferrous metals market fell sharply across the board. By around 22:40 in the evening, Shanghai copper fell nearly 2.1%, Shanghai aluminum fell nearly 0.8%, Shanghai nickel fell nearly 3.3%, Shanghai zinc fell nearly 2.6%, Shanghai lead fell nearly 0.5%, Shanghai tin fell nearly 0.3%, precious metals also fell sharply, Shanghai gold fell nearly 5%, Shanghai silver fell by 10%. As for the dollar, it soared sharply in the evening and changed from red to green, reaching about 50 cents at 22, rising to 93.683, an increase of 0.71%.

In terms of US stocks, the three major stock indexes continued their decline last week. The deterioration of the global coronavirus epidemic has raised concerns about the blockade, and Britain is said to be considering reintroducing the national blockade. Concerns about political uncertainty have prompted investors to stay away from risky assets. Investor confidence has also been hit by news that a number of big international banks are suspected of transferring more than $2tn of suspicious funds. By around 22:40 in the evening, the Dow was down nearly 3.1%, the Nasdaq was down nearly 2.4%, and the S & P 500 was down nearly 2.5%.

Spot silver fell 8% to $24.63 an ounce on the day. Spot gold fell below $1890 an ounce, down $65 from a session high. Major European stock indexes fell further, with Germany's DAX30 down 4 per cent, the UK's FTSE 100th down 3.4 per cent and France's CAC40 down 3.6 per cent.

Nickel
nickel sulfate
price
mining

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Most Read
data analysis
data analysis
data analysis
data analysis
data analysis