Gold reached a three-week high in Asia on Wednesday morning during the previous session. The U.S. The weak dollar has encouraged the yellow metal as investors await minutes from the Federal Reserve’s recent policy meeting. During the previous session, gold futures rose 0.25% to $ 1,798.60 from June 17. The dollar, which normally moves against…
Copper continued to decline on Monday, reaching its lowest level since mid-April, as commodity price rallies and the U.S. After China restricts signals from the Federal Reserve, it will tighten monetary policy sooner than expected. On the London Metal Exchange (LME), benchmark copper fell 0.4% to $ 9,108.50 a tonne, hitting $ 9,011 at 1051…
Zinc prices in the global market are expected to remain stable over, $2,750 per ton. The rest of this year decreasing surplus, supply disorders including smelting, Chinese demand, and redemption in the world Economy. Zinc prices hit a three-year high of $ 3,085 per tonne last month but slipped after that. Currently, zinc three-month contracts…
Gold fell in Asia on Tuesday morning, following its losses following a month-long low during the previous session. Investors are looking to the U.S. for further clues on inflation and the central bank’s future monetary policy. Waiting for the Federal Reserve policy decision. Gold futures fell 0.12% to 8,863.60. The dollar, which normally moves in…
Copper relaxed on Thursday, raising concerns over price controls after Chinese officials promised to keep a tab on rising commodity costs. Three-month copper was down 0.3% at $ 9,949 a tonne on the London Metal Exchange CMCU3, while the most-traded July copper deal on the Shanghai Futures Exchange SCFCV1 was down 0.2% at 71,480. As…
Copper prices fell on Monday as investors feared weaker-than-expected trade data from top consumer China. China’s copper imports fell 8% in May over the previous month as higher prices further dampened buying interest, beating overall export growth analysts’ expectations. “When we receive data like this from China, it shows the risk that their rapid growth…
Copper prices fell for a third day on Thursday as investors rallied in the U.S. on Friday. Waiting for work data will provide clues as to when monetary policy will tighten. Expectations of higher interest rates could hit growth-related assets such as metals and stocks. World stocks were at an all-time high and the dollar…
Copper fell on Wednesday as investors took some money off the table amid concerns that top consumer demand for China would ease, while a solid dollar cut the metal’s appeal. Benchmark copper was down 0.4% at $ 10,207 per tonne on the London Metal Exchange, trading at a narrow range of 1050 GMT. “Investors are…
