Metals

Metals

Date : 2024-07-19
Time : 10:00:00
Metals
  • Gold prices fell sharply in Asian trade on Friday, dented by a mix of profit-taking and as speculation over a potential Donald Trump presidency and stricter U.S. trade policies favored the dollar.
  • Among industrial metals, copper prices steadied on Friday but were nursing steep losses amid scant cues on more stimulus measures from top importer China, as the country grapples with slowing economic growth.
  • Spot gold fell 0.9% to $2,423.89 an ounce, while gold futures expiring in August fell 1.2% to $2,426.45 an ounce.
  • Other precious metals also sank on Friday, tracking gold’s decline. Platinum futures fell 0.5% to $976.60 an ounce, while silver futures slid 1.6% to an over two-week low of $29.762 an ounce. 
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