[MARKET UPDATE] Losses across metals continue following the myriad of hawkish-leaning major central banks and elevated energy prices; 3M LME copper has fallen under USD 12,000/t, Spot gold approaches its 100 DMA just below USD 4,600/oz

The continuation of losses in metals is primarily driven by the hawkish signals from major central banks, which raise concerns about monetary tightening and its impact on demand. Elevated energy prices add further pressure, impacting cost dynamics in the metals sector. As 3M LME copper falls below USD 12,000/t and spot gold nears its 100 DMA just under USD 4,600/oz, we should watch for potential technical signals and implications for inflation and broader market sentiment.