Copper prices are trade under sideways in early Asian trade, with the tone of the session likely to be set by newly released China CPI and PPI figures, which should provide cues on the country’s economic growth. While the price of base metal is likely to remain under pressure if macroeconomic headwinds persist, any shift in sentiment could lead to gains for industrial commodities, say GSR (GoldSilverReports) analysts in a note. The three-month forward LME copper contract is flat at $8,347 a ton. (GoldSilverReports.com)
Base Metal Update: Copper, Zinc Up on Further Hopes of China Policy Support
Base Metal Update: Base metals including copper (तांबा) and zinc (जस्ता) rise in early Asian trade amid hopes of further policy support from China. Chinese authorities …
May 31, 2023 House Passes US Debt Ceiling Bill – Neal Bhai Reports
House Speaker Kevin McCarthy took a victory lap immediately after the House passed the debt limit deal with a big bipartisan showing.
Gold Spot Not Break $1930 and Kiss High $1963 – Neal Bhai
Gold Spot Update: I told you below $1930 yellow metal weak, and target $1909 — $1870 —$1850, But Level $1930 Not Break and kiss high $1963.
Central Banks Look to Increase Gold Reserves as Geopolitical Worries Mount
By PIA CHAUHAN
Nearly a quarterof central banks are looking toincrease gold reserves this year, spurred on by geopolitical worries, interest rate concerns and rising inflation pressures.
