[MARKET UPDATE] Metal prices are being slammed amid a firmer dollar and the risk off mood with copper futures down 2.8%, while spot gold fell by as much as 2% and with spot silver leading the downside with losses of 3.4%

Metal prices are being slammed amid a firmer dollar and the risk off mood with copper futures down 2.8%, while spot gold fell by as much as 2% and with spot silver leading the downside with losses of 3.4%.

Metal prices are under significant pressure, primarily influenced by a stronger dollar and a prevailing risk-off sentiment in the markets. The sharp declines in copper, gold, and silver reflect a broader sell-off, suggesting fears surrounding economic stability and investor preference for safer assets. This movement could have implications for inflation expectations and further strain demand for these commodities in the near term.