Gold at Two-Week Low, Copper Below $9,000/t Gold and silver prices have experienced significant declines, with gold reaching a two-week low, due to stronger U.S. economic data reducing expectations for interest rate cuts. This has led to a decrease in the probability of a September rate cut. Copper prices have also fallen below $9,000/t, driven by weakening demand outlook in China, particularly in the property sector. While physical gold demand may increase in India due to import duty cuts, the overall sentiment in the metals market remains bearish, with steel inventories in China rising and crude steel production declining. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Einhorn's Outlook: Few Federal Rate Cuts and a Strong Case for Gold READ MORE Gold Prices Steady After Major Sell-Off Amid China and U.S. Economic News READ MORE March Numbers Show Prices Rising Faster Than Predicted READ MORE U.S. Economy Defies Expectations with 2.8% Growth in Q2 READ MORE Gold gains hugely in popularity among American Investors – Gallup Survey 2023 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment