Gold Prices Hover Near Record Highs Amid Global Economic Uncertainty
Gold prices remained stable on Thursday, hovering near record highs amid global economic uncertainty.
Copper Prices Fall as China Stimulus Disappoints
Copper prices fell after China’s stimulus measures failed to meet market expectations.
Gold Prices Supported by Rate Cut Expectations
Gold prices were supported by expectations of interest rate cuts.
Key Market Data:
- Spot gold remained steady at $2,650.74 an ounce
- Gold futures expiring in December rose 0.1% to $2,662.10 an ounce
- Copper prices fell 1.5% to $7,441.50 per tonne
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Additional Sections:
Market Outlook:
- Global economic uncertainty signals a bullish market outlook for gold.
- Traders should consider long-term trading strategies.
Trading Strategy:
Monitor silver and crude oil prices for potential buy opportunities.
Consider buying gold futures on dips.