Washington – Saba:
Gold prices largely held steady in Asian markets Monday, following strong gains last week driven by economic uncertainty in the United States and a weakening dollar. This prompted investors to seek safe-haven assets.
Spot gold prices stabilized at $3,310.61 per ounce. Meanwhile, gold futures for August delivery saw a slight decrease, falling 0.5% to $3,330.65 per ounce.
In other precious metals, silver futures showed relative stability, rising 0.2% to $36.205 per ounce, maintaining levels close to the 14-year highs reached last week.
The industrial metals market saw copper prices relatively stable after recent significant gains. This stability comes amid concerns about slowing demand from China, the world's largest importer, following weak Chinese economic data.
Benchmark copper futures on the London Metal Exchange edged up 0.1% to $9,698.70 per ton, while US copper futures remained steady at $4.8508 per pound
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