[MARKET UPDATE] Metal prices are mildly pressured with spot gold down and silver down 0.7%-0.8%, while CME copper futures are lower by 1.0% amid the mostly subdued risk appetite and with demand also not helped by the delay in LME trading due to issues
Metal prices are facing downward pressure, particularly with gold and silver declining by about 0.7% to 0.8% and CME copper futures down by 1.0%.
Former Fed Governor Warsh had met with US President Trump at the White House on Thursday, according to Reuters citing a source familiar with the matter
LME trading has now opened following a delay due to technical issues
[MARKET UPDATE] Metal prices are mildly pressured with spot gold down and silver down 0.7%-0.8%, while CME copper futures are lower by 1.0% amid the mostly subdued risk appetite and with demand also not helped by the delay in LME trading due to issues
HSBC downgrades Indonesia stocks to neutral, citing concerns over growth
White House clarifies that US sanctions relief for Venezuela covers refining and other downstream activities, but not upstream production and White House official says more announcements on Venezuela sanctions easing are expected
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This reflects a subdued risk appetite and deteriorating demand, exacerbated by delays in LME trading, which could signal broader concerns in the commodities market.
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