[MARKET UPDATE] Metal prices are on the back foot with spot silver down 2.8% and spot gold extending on session lows with losses of 1.3% after trickling beneath the USD 5,000/oz level
The decline in metal prices, particularly gold and silver, indicates weaker demand or heightened selling pressure, potentially linked to strengthening USD dynamics.
Japanese Industrial Production YoY Final (Dec) Y/Y 2.6% (Prev. -2.2%)
Japanese Industrial Production MoM Final (Dec) M/M -0.1% vs. Exp. -0.1% (Prev. -2.7%)
[MARKET UPDATE] Metal prices are on the back foot with spot silver down 2.8% and spot gold extending on session lows with losses of 1.3% after trickling beneath the USD 5,000/oz level
ByteDance to curb AI video app following Disney (DIS) legal threats, according to BBC
PRE-MARKET INDIAN STOCKS NEWS: RBI tightened rules for loans provided to brokers and proprietary firms in an effort to reduce market speculation
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The breach of the USD 5,000/oz level for gold may prompt further selling and signal a shift in sentiment, which can also impact inflation expectations and other asset classes.
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