[MARKET UPDATE] Metal prices have seen some pressure since the turn of the hour with spot gold and silver down 0.5% and 1.0%, respectively, which coincides with the reopen of Shanghai commodities and LME trade

Metal prices have seen some pressure since the turn of the hour with spot gold and silver down 0.5% and 1.0%, respectively, which coincides with the reopen of Shanghai commodities and LME trade.

The recent pressure on metal prices, particularly with gold and silver down by 0.5% and 1.0%, aligns with the reopening of commodities trading in Shanghai and the LME. This sell-off could reflect shifting market sentiment or profit-taking, potentially influenced by currency fluctuations, especially given the broad macroeconomic context.