Selling pressure weighs on precious metals as gold and silver decline
Istanbul, July 24 (Hibya) – Precious metals traded lower during the week's trading session in global commodity markets.
Precious and industrial metals remained under selling pressure in global commodity markets.
As investors adopted cautious positions, all precious metals moved lower.
Gold fell 0.53 percent to $4,028.60 per ounce, while silver lost 0.89 percent to trade at $57.535.
Among industrial metals, copper declined 0.47 percent to $6.314.
Among precious metals, platinum fell 1.23 percent to $1,589.00, while palladium recorded the steepest loss of the day. Palladium dropped 1.77 percent to $1,240.00.
The broad decline across commodity markets suggested that investors were reassessing the global economic outlook, interest rate expectations and demand for safe-haven assets, with selling pressure particularly evident in precious metals.
British News Agency
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