“Gold trades sharply lower after reaching another record high overnight. The nervously anticipated correction appears underway, triggered by end-of-month profit-taking and the onset of China’s Golden Week holiday, which typically removes a major source of physical demand from the
Ole Hansen
Since reaching a record high at USD 5.2 per pound in late May, the High-Grade copper contract has slumped 20%, with the bulk of the decline seen during the past month when the demand outlook in China continued to deteriorate, and US data increasingly began pointing to a slowdown. The premature surge to record highs […]











