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<Commodity>Silver Futures Slump ~8%, YTD Gain Almost Completely Erased; Thai Futures Exchange Once Halts Silver Futures Trading Online
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US rate cut expectations were played down as the Fed maintained the federal funds rate target range unchanged as expected. Commodity prices declined, with gold futures for April delivery last down 3.3% at USD4,735 per ounce, marking a more than one-and-a-half-month low. Silver futures for May delivery last slid nearly 7.9% at USD71.5 per ounce, with the year-to-date gain almost completely erased, having previously risen above USD122 at the end of January (grossing gains of about 70% within the month). In the mainland commodity futures market, Shanghai silver slumped over 10%. Besides, the Thailand Futures Exchange once halted silver futures trading online. AASTOCKS Financial News Website: www.aastocks.com |
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