Due to impending recession and the need to raise interest rates, metal traders are eagerly awaiting the Federal Reserve's July meeting for more clarity.
Precious metals gold and silver fell on Monday morning, as investors awaited the US Fed July meeting
Could a hard landing push the Fed into a dovish pivot? Which assets are likely to perform best? Read more
Silver seeks support at $19/oz as momentum indicators imply oversold conditions. But for the bearish trend to reverse, the Fed will need to take a breather.
Gold was on its way for its fourth weekly decline, whereas copper saw a sharp fall of more than 3% on Friday
Precious metals gold, silver, platinum and palladium were all upbeat on Wednesday morning but copper was down
Gold recovered slightly from a recent 5-month low, as silver fell to more than 2-year lows on Monday morning
Precious metals gold, silver, platinum and palladium were all up on Monday morning, starting the week on a high note
Gold traded mostly flat on Friday morning whereas copper dipped to an almost 16-month low
As the stagflation scenario plays out, gold has detached from other metals and is outperforming than both silver and copper.
Precious metals gold, silver, platinum and palladium kicked off the week on a high note following a weaker US dollar