Copper futures ended at their lowest level since July amid concerns that the AI-driven surge in demand for the wiring material could slow. The losses in industrial metals outweighed gold’s advance, leaving the broader group of raw-material producers lower.
Industrial Metals Losses Drag Materials Shares Lower
Gold rose 1% to close at $4,102.50 a troy ounce, but gains in the precious metal were not enough to offset weakness in industrial metals. Producers of metals, grains and other raw materials fell as copper prices slid to their lowest level since July.
When reusing this material a link to Money Talk is required.
Comments (0)
No comments yet. Be the first!