Gold prices steady amid rate jitters, copper flat with China in focus
Investing.com-- Gold prices steadied in Asian trade on Wednesday as focus remained squarely on upcoming cues on U.S. inflation and interest rates, although a somewhat hawkish outlook on rates kept traders cautious towards metal markets.
Focus among metal markets was squarely on more cues on U.S. interest rate cuts, especially as a slew of hawkish signals from the Fed saw traders steadily price out expectations for a cut in September. Top copper importer China announced more supportive measures for the property sector this week. But traders took little cheer from the move, as they awaited more cues on how Beijing will execute and fund the new stimulus measures.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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