By earn 
Gold and Silver Prices Show Limited Movement
Gold and silver prices traded in a narrow range following a sharp decline, as investors awaited crucial economic numbers from the United States. The data is expected to provide more clarity on the future trajectory of interest rates. This cautious approach by investors has kept the trading volatile yet confined within a limited range.
Copper Prices Under Pressure
Copper prices remained subdued amid concerns over demand and an increase in inventory levels at the London Metal Exchange (LME). The rising inventory levels have further added to the bearish sentiment, creating uncertainty in the market. The demand for copper is closely tied to industrial activity, and any signs of slowing demand can weigh heavily on prices.
NYMEX Crude Oil Prices Gain
In contrast, NYMEX crude oil prices traded higher today following the API inventory data, which reported a withdrawal of 3.9 million barrels last week. This indicates improved demand in the United States, providing a boost to oil prices. The reduction in inventory levels is a positive signal for the market, suggesting that consumption is picking up.
Awaiting Key Economic Indicators
Investors are keenly awaiting the release of key economic indicators from the US, which are expected to shed light on the future path of interest rates. These indicators will play a significant role in shaping market sentiment and guiding trading strategies across various commodities.
