Investing.com UK on Nostr: Gold prices fall from record highs as rate fears persist; copper retreats ========== ...
Gold prices fall from record highs as rate fears persist; copper retreats
==========
Gold prices fell from record highs as rate fears persisted, while copper retreated from its rally. Gold prices surged to a record high on Monday due to increased safe haven demand amid geopolitical instability in the Middle East. However, the lack of major instability in the region and concerns over US interest rates led to a decline in gold prices. Copper prices also retreated from record highs as investors assessed the potential of the red metal and focused on whether copper shipments could meet immediate demand. Gold fell 0.5% to $2,413.77 an ounce, while copper futures fell 0.9% to $2,416.75 an ounce. Copper futures on the London Metal Exchange fell 1.3% to $10,825.0 a ton, and one-month US copper futures fell 1.1% to $5.0510 a pound.
#Gold #Copper #RateFears #SafeHavenDemand #GeopoliticalInstability #UsInterestRates
https://uk.investing.com/news/commodities-news/gold-prices-fall-from-record-highs-as-rate-fears-persist-copper-retreats-3506458
==========
Gold prices fell from record highs as rate fears persisted, while copper retreated from its rally. Gold prices surged to a record high on Monday due to increased safe haven demand amid geopolitical instability in the Middle East. However, the lack of major instability in the region and concerns over US interest rates led to a decline in gold prices. Copper prices also retreated from record highs as investors assessed the potential of the red metal and focused on whether copper shipments could meet immediate demand. Gold fell 0.5% to $2,413.77 an ounce, while copper futures fell 0.9% to $2,416.75 an ounce. Copper futures on the London Metal Exchange fell 1.3% to $10,825.0 a ton, and one-month US copper futures fell 1.1% to $5.0510 a pound.
#Gold #Copper #RateFears #SafeHavenDemand #GeopoliticalInstability #UsInterestRates
https://uk.investing.com/news/commodities-news/gold-prices-fall-from-record-highs-as-rate-fears-persist-copper-retreats-3506458