Metals are recording gains with the beginning of the European trading session for the last sessions of the week today, Friday 25th of June, and are heading to record weekly gains, supported by the declines of the US dollar since the beginning of the week, amid anticipation in the markets for spending and personal income data in the American session today, Friday.

Two members of the US Federal Reserve (Patrick Harker-Barkin) expected, through their statements yesterday, Thursday, that inflation may rise more than expected in the short term as a result of temporary factors. They also confirmed (Patrick Harker, President of the US Federal Reserve in Philadelphia and Thomas Barkin, President of the  US Federal Reserve in Richmond) that Employment levels are still very low.

On the economic data front, some indicators that measure inflation in the United States (personal income and personal spending) are expected to be announced today, Friday, in addition to the final reading of inflation expectations and consumer confidence from the University of Michigan.

Yesterday, Thursday, the US Census Bureau announced an increase in the weekly unemployment benefits index, which recorded 411 thousand applications last week, worse than market expectations, which were referring to a decline of 382 thousand applications.

The US dollar index, which measures the performance of the dollar against a basket of currencies (Dollar Index), has lost more than 0.55% since the beginning of the week, and is now trading at 91.74 levels, so that metal prices benefit from these declines due to the inverse relationship between the dollar and metals.

The yellow metal is trading at levels of $ 1782 per ounce, up by about 0.43%, and is heading to record weekly gains of more than 0.80%, while silver is trading at levels of $ 26.19 per ounce, up by about 0.99%, heading to record weekly gains of more than 1.5%.
Palladium is trading at levels of 2.653 thousand dollars, an increase of about 0.50%, while platinum is trading at 3.024 thousand dollars.