Metals Slide as China's Economic Woes Continue
TL;DR Summary
Gold and silver prices are down due to weaker economic data from China, which has raised concerns about consumer and commercial demand for precious metals. Industrial production in China rose 5.6% YoY in April, short of market expectations for a 10.1% growth rate. Copper futures prices are also trending lower, indicating an anemic global economy. The US government could run out of money as soon as June 1. The Eurozone reported its Q1 GDP at up 0.1% from Q4 and up 1.3% YoY. The gold futures bulls have the firm overall near-term technical advantage, while the silver bulls and bears are on a level overall near-term technical playing field.
- Price pressure on gold, silver following downbeat China data Kitco NEWS
- Key economic bellwether hits 4-month low as global growth sputters Markets Insider
- Copper-Gold Ratio Signals Economic Slowdown, Falling Rates and Inflation Investing.com
- Metals Slip Amid China Economy Weakness - WSJ The Wall Street Journal
- Column: Funds sell copper as China's recovery disappoints Reuters
- View Full Coverage on Google News
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