Gold retreats from record as Fed pivot bets seen as overdone
Bullion fell as much as 2.5% Monday in New York trading.
Source: moneyweb.co.za
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Gold Prices Reach All-Time High — Should You Invest Now?
Gold prices exceeded $2,135 per ounce mid-day on Monday, Dec. 4, in part due to the market response from Federal Reserve Chair Jerome Powell's comments regarding moving "carefully" with further...
Source: yahoo.com
Spot gold rises to record on dovish Federal Reserve remarks
After surging higher in early New York trading, the precious metal reversed to 2.5 per cent trade lower at 11am.
Source: afr.com
Gold Prices Reach All-Time High — Should You Invest Now?
Gold prices exceeded $2,135 per ounce mid-day on Monday, Dec. 4, in part due to the market response from Federal Reserve Chair Jerome Powell's comments regarding moving "carefully" with further...
Source: gobankingrates.com
Hedge funds bet against copper for first time in three years
Hedge funds are betting against copper on the London Metal Exchange for the first time since the early months of the pandemic — a sharp reversal from just weeks earlier after China’s disappointing recovery sent prices tumbling. LME data this week showed investment fund positioning in copper flipped to a net short — the first since June 2020, after bearish bets surged since mid-April and long positions have been unwound. The metal, viewed as an economic bellwether for its use across sectors from construction to electronics, has been under mounting pressure after official data ...
Source: miningweekly.com