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Base Metals Stage Rapid Retreat as Profit Taking Accelerates

Base Metals Stage Rapid Retreat as Profit Taking Accelerates
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Gold prices dip on profit taking as rate-cut bets ease

Gold prices slipped on Tuesday with investors booking profits after a recent rally and pressure from the reduced probability of the Federal Reserve rate cuts, while the market awaited key U.S.. -May 28, 2024 at 06:11 am EDT - MarketScreener

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Gold prices dip on profit taking as rate-cut bets ease | Hellenic Shipping News Worldwide

Gold prices dip on profit taking as rate-cut bets ease | Hellenic Shipping News Worldwide
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Gold Prices Dip on Profit-taking as Rate Cut Bets Ease

Gold prices slipped on Tuesday with investors booking profits after a recent rally, amid pressure from the reduced probability of Federal Reserve rate cuts, while the market awaited key US inflation data due later this week. Spot gold fell 0.3% to $2,344.20 per ounce by 1119 GMT, after rising 0.7% on Monday. Bullion fell below its 21-day moving average, which stands at $2,348, but was on track for a fourth consecutive month of growth with a 2.5% gain in May. The spot price hit a record high of $2,449.89 on May 20.

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Commodities : Copper hits 6-week low, other metals fall after weak China data - Today at 07:50 am

Prices for copper and other base metals fell in London on Tuesday, hurt by a worsening demand outlook from top consumer China after the country released slower industrial output growth data and. -Today at 07:50 am- MarketScreener

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