[MARKET UPDATE] Metal prices extend on losses and trade at fresh session lows with spot gold down 0.8% and silver prices slumping 2.5% to beneath the USD 77/oz level, while copper futures also retreated in tandem with the uninspired risk tone

Metal prices extend on losses and trade at fresh session lows with spot gold down 0.8% and silver prices slumping 2.5% to beneath the USD 77/oz level, while copper futures also retreated in tandem with the uninspired risk tone.

Metal prices are continuing their downward trend, with gold and silver both hitting session lows, indicating persistent selling pressure. This decline, especially in a risk-off environment, suggests that traders may be moving away from these traditional safe havens as broader market sentiment remains uninspired, likely reflecting concerns over economic growth and inflation dynamics.