Gold prices remained stable on Wednesday as the market awaited progress in talks on raising the US debt ceiling.
Copper prices, on the other hand, hit a six-month low due to a slowdown in global manufacturing activity and demand.
Despite losing the key $2,000 level, gold was still able to attract safe-haven buy orders as traders predicted a slowdown in global economic activity this year.
Weaker-than-expected purchasing managers' index readings released on Tuesday reinforced this view, causing industrial metals to underperform in comparison to gold.
XAUUSD
SELL XAUUSD 1992-1995
Stop Loss 2002
My own expected return is 1988-1982-1970
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
Copper prices, on the other hand, hit a six-month low due to a slowdown in global manufacturing activity and demand.
Despite losing the key $2,000 level, gold was still able to attract safe-haven buy orders as traders predicted a slowdown in global economic activity this year.
Weaker-than-expected purchasing managers' index readings released on Tuesday reinforced this view, causing industrial metals to underperform in comparison to gold.
XAUUSD
SELL XAUUSD 1992-1995
Stop Loss 2002
My own expected return is 1988-1982-1970
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
