Copper futures eased to around $4.20 per pound on Tuesday but remained near a one-month high reached in the previous session, following the announcement of additional economic stimulus measures by Chinese policymakers.
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Gold Futures Rise on Geopolitical Tensions, China Bank Purchases
Gold futures rose on safe-haven demand and central bank buying. Futures rose 0.5% to $2,699.30 per troy ounce.
Spot Silver Gains on China Stimulus Plans
Spot Silver prices traded near $32 per ounce on Tuesday, staying close to one-month highs as Chinese policymakers unveiled plans for additional economic stimulus, boosting the demand outlook in the world’s top metals consumer.
Silver and Copper Exploded As Expected
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Gold Forecast: Prices rise as China buys gold
Spot Gold Forecast: Gold price rallied by a gap of $10 in early trade on Monday, driven by the geopolitical situation and fresh buying demand.
Gold Price Rises to near $2,650 [09-12-2024]
Gold price (Yellow Metal) trades with mild gains around $2,645 during the early Asian session on Monday. The renewed geopolitical tensions in the Middle East and Federal Reserve (Fed) rate cut expectations support the yellow metal. The US Consumer Price Index (CPI) for November will be in the spotlight on Wednesday.
Crude Oil prices rising Mideast tensions offset demand concerns
Crude Oil prices were mixed in early Asia trade on Monday as concerns over weak Chinese demand were offset by rising tensions in the Middle East following the rebel overthrow of Syrian President Bashar al-Assad.