[MARKET UPDATE] Metal prices give wiped out their initial gains with spot gold and spot silver pulling back after briefly reclaiming the USD 5,000/oz and USD 90/oz levels, respectively
Spot gold and silver prices have retraced from their earlier highs of USD 5,000/oz and USD 90/oz, indicating profit-taking or a shift in market sentiment.
User reports indicate problems at Meta's (META) Instagram, according to Downdetector
PBoC injects CNY 118.5bln via 7-day reverse repos with the rate at 1.40% and injects CNY 300bln via 14-day reverse repos with the rate at 1.65%
[MARKET UPDATE] Metal prices give wiped out their initial gains with spot gold and spot silver pulling back after briefly reclaiming the USD 5,000/oz and USD 90/oz levels, respectively
PRE-MARKET CHINESE STOCKS NEWS: US President Trump and Chinese President Xi had an 'excellent' phone call
PBoC sets USD/CNY mid-point at 6.9570 vs exp. 6.9468 (Prev. 6.9533)
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This pullback may signal a reassessment of demand dynamics or a stronger dollar impacting commodities, which could have broader implications for inflation expectations and risk appetite in the markets.
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