Commodity news

copper

Copper Loses Ground for Fear that China Wants to Limit Commodity Prices

Copper fell on Monday on the fear that China, the largest consumer of metals, wants to put caps on commodity prices to avoid possible inflation. The market is also pressured by faltering demand and higher inventories of the metal. Three-month copper on the London Metal Exchange declined by 0.6% at $8.875 a tonne. The metal …

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gold

Gold has suffered the biggest quarterly decline in four years

Surging US Treasury yields weighed on gold. The precious metal dropped by 0.3% to $1,738.12 per ounce on Monday. Gold futures decreased by 0.4% to $1,737.70 per ounce. In the first quarter of 2021, gold has suffered the most significant price drop since 2016. It is one of the few commodities trading below the numbers …

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