#ZeeBusiness Easing US-China tensions trigger gold slide ahead of key Fed meeting
Easing US-China tensions trigger gold slide ahead of key Fed meeting
Gold prices slipped further after falling below $4,000 per ounce, pressured by easing US-China trade tensions that reduced safe-haven appeal. Silver also dropped to a three-week low, while investors await the Federal Reserve’s policy decision expected to deliver a 25 basis-point rate cut. Meanwhile, aluminium surged to a three-year high amid supply constraints, and iron ore prices firmed on China’s steel capacity cuts. In contrast, sugar prices hit multi-year lows on rising global supply concerns.
#GoldPrices #SilverUpdate #CommodityMarket #USChinaTrade #FederalReserve #CrudeOil #MetalsMarket #InvestmentNews #EconomicUpdate #MarketWatch
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