Metals

Metals

Date : 2024-04-30
Time : 10:00:00
Metals
  • Gold prices fell in Asian trade on Tuesday, remaining pinned well below recent peaks as fears of higher-for-longer U.S. interest rates grew before a Federal Reserve meeting this week.
  • Spot gold fell 0.4% to $2,326.45 an ounce, while gold futures expiring in June fell 0.9% to $2,337.30 an ounce by 00:44 ET (04:44 GMT). Spot prices were trading more than $100 below a record high hit earlier in April.
  • Other precious metals also retreated on Tuesday. Platinum futures fell 0.1% to $959.05 an ounce, while silver futures slid 1.8% to $27.168 an ounce. 
  • Among industrial metals, copper prices hovered around two-year peaks on Tuesday as momentum in a recent rally was sapped by mixed purchasing managers index readings from top importer China. Three-month copper futures on the London Metal Exchange steadied around $10,185.0 a ton, while one-month copper futures fell 0.1% to $4.6738 a pound.
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