Gold News – 29.Apr.2024

Gold News – 29.Apr.2024

XAUUSD GOLD EURUSD GBPUSD Forex Gold Master Arman Shaban

Gold News

  • Gold prices have slightly decreased by 0.2% to $2,320 per troy ounce.
  • The decrease is attributed to reduced safe-haven demand as geopolitical tensions ease and focus shifts to U.S. inflation.
  • Despite the recent slip, gold is still up 4.7% for the month and has increased by nearly 16% over the past three months.
  • Copper prices have risen by 0.6% to $10,017.5 per metric ton, reaching a near-record price of $10,033.5 during Friday’s session.
  • The copper market is experiencing tightness, further intensified by new sanctions on Russian metals.
  • The U.S. and U.K. have implemented bans on the delivery of new Russian metal outputs starting April 12, aiming to impact Russian financial stability.

Author : Arman Shaban
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