[MARKET UPDATE] Early pressure in metal prices with spot gold down 0.7% and spot silver down 0.9% shortly after the reopen of electronic trade
The early dip in metal prices, with spot gold down 0.7% and silver down 0.9%, suggests initial pressure amid market reopening dynamics.
Australian Westpac Consumer Confidence Change (Feb) -2.6% (Prev. -1.7%)
Australian Westpac Consumer Confidence Index (Feb) 90.5 (Prev. 92.9)
[MARKET UPDATE] Early pressure in metal prices with spot gold down 0.7% and spot silver down 0.9% shortly after the reopen of electronic trade
PRE-MARKET AUSTRALIAN STOCKS NEWS: Macquarie Group (MQG AT) said Q3 profit contribution was higher than a year ago across all business divisions
US President Trump posts Canada is building a massive bridge between Ontario and Michigan which Canada will own and built it with virtually no US content, adds " I will not allow this bridge to open until the United States is fully compensated..."
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This could be indicative of stronger dollar sentiment or risk-off behavior, impacting demand in safe-haven assets. Traders should consider potential drivers such as interest rate expectations and broader market sentiment as the day unfolds.
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