Copper shaky, gold tumbles

NEWS from Federal Reserve chairperson Janet Yellen that US interest rates may increase this year has gold again losing its investment lustre.
Copper shaky, gold tumbles Copper shaky, gold tumbles Copper shaky, gold tumbles Copper shaky, gold tumbles Copper shaky, gold tumbles

According to Bloomberg, the precious metal is finally having the breakdown that bearish investors had been expecting all year.

Platinum and silver also were not stellar performers as the former dipped to a six-year low this week and the latter falling for a fourth session.

Copper investors are watching the world's biggest user - China - closely amid conflicting economic signals coming from the Asian nation.

Goldman Sachs said the copper price may fall further, with Barclays saying prices will be supported by stimulus and spending on power grids and cable production.

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