Silver closes flat after last week's gain
Silver prices closed flat on Monday, as the dollar held against most major currencies, amid focus on news of the cyberattack in the US.
US energy companies rebounded amid fears over disrupting oil supplies, after a cyberattack forced the US largest fuel pipeline to shutdown.
The World Health Organization declared the new mutated variant of the Covid-19 virus in India, which caused a lot of concern around the world.
Data showed last week that the US economy has added 266,000 jobs during April, worse than forecasts of 990,000 jobs.
The dollar index held against a basket of currencies at 90.2 points as of 21:28 GMT, after it hit a high of 90.3 points and a low of 90.04 points.
Silver July futures held at $27.48 an ounce, after posting a gain of 6% last week.
Dow Jones pares early gains, Nasdaq closes 2.5% lower
The major US stock indices closed lower on Monday, as Dow Jones pulled back from its new record high, while Nasdaq fell due to the continued tech stocks rout.
US energy companies rebounded amid fears over disrupting oil supplies, after a cyberattack forced the US largest fuel pipeline to shutdown.
The World Health Organization declared the new mutated variant of the Covid-19 virus in India, which caused a lot of concern around the world.
Data showed last week that the US economy has added 266,000 jobs during April, worse than forecasts of 990,000 jobs.
The US unemployment rate rose to 6.1% in April from 6% in March, while analysts forecast a drop to 5.8%.
To the oil market, WTI crude June futures rose 0.1% or 2 cents, and closed at $64.92 a barrel, after hitting a day high of $65.7 and a low of $63.9.
Brent June futures rose 0.1% or 4 cents, and closed at $68.32 a barrel, after hitting a high of $69.2 and a low of $67.4.
As for stocks, Dow Jones fell 0.1% or 35 points, and closed at 34,742, with a day high of 35,091, and a low of 34,721.
Nasdaq fell 2.5% or 350 points to 13,401, with a high of 13,678 and a low of 13401 points.
S&P 500 fell 1% or 44 points to 4,188, after hitting a high of 4,236 and a low of 4,188.
US stocks open mixed, Dow Jones hits new milestone at 35,000
The US stock indices were mixed in early trading on Monday, as Nasdaq fell due to a tech stocks rout, while Dow Jones rose to a new record high led by the energy sector.
US energy companies rebounded amid fears over disrupting oil supplies, after a cyberattack forced the US largest fuel pipeline to shutdown.
Data showed last week that the US economy has added 266,000 jobs during April, worse than forecasts of 990,000 jobs.
The US unemployment rate rose to 6.1% in April from 6% in March, while analysts forecast a drop to 5.8%.
As for stocks, Dow Jones rose 0.7% or 231 points to 35,006 as of 14:04 GMT, Nasdaq fell 1.4% or 193 points to 13,554, and S&P 500 fell 0.1% or 4 points to 4,228.
Copper rises to new highs on supply shortages concerns
Copper prices rose on Monday, and hit new record highs on expectations of global supply shortages, while the US dollar fell against most majors.
Copper is also being lifted by the the recovery in global demand as the US, Chinese and Japanese economies recovered this year from the Covid-19 pandemic impact.
Industrial components and products that copper is used in their manufacture also witnessed a jump in prices led by household appliances, durable goods and wind turbines.
The dollar index slipped against a basket of currencies by 0.1% to 90.1 points as of 13:22 GMT, after it hit a high of 90.3 points and a low of 90.05 points.
Copper July futures rose 1.1% to $4.80 per pound as of 13:22 GMT, after hitting a high of $4.88 and a low of $4.75.