[MARKET UPDATE] Commodity prices are further pressured as Shanghai and LME futures trading gets underway with SHFE most active nickel contract slipping more than 7%, while spot gold is at fresh session lows with losses of around 5.7%

Commodity prices are further pressured as Shanghai and LME futures trading gets underway with SHFE most active nickel contract slipping more than 7%, while spot gold is at fresh session lows with losses of around 5.7%.

Commodity prices are experiencing significant downward pressure, particularly in the metals sector, with nickel futures on the SHFE dropping over 7% and spot gold hitting session lows, down approximately 5.7%. This decline suggests a shift in market sentiment and could indicate weakening demand or increased supply concerns, which may have broader implications for inflation and related currency movements.