World prices for copper and gold began to decline

A slight drop in prices for non -ferrous and precious metals marked the beginning of this working week. The main reasons for the gradual drop in prices, analysts consider the weak physical demand for metals from India and China.

Against the background of the news about the imminent reduction of the American economy stimulating program last Monday, gold traveled at $ 1.285.11 for a triple ounce compared to $ 1.289.66 for closing on Friday, $ 20.65 per ounce compared to $ 20.76, Platinum - at $ 1.437,49, and $ 1.437,49, and Palladium - $ 724.75 versus $ 730.30.

At the same time, copper prices crawled down. On Monday, the closing of trading recorded $ 6956 per ton, compared with the closure of $ 6975 last week on Friday.

Clamping of the US Economy Stimulation Program will lead to a reduction in liquidity of investment goods, undermining the prices of metal support. The market participants are also not yet clear how the new Chinese economic policy will affect the prices of basic metals. Significant liberalization and large capitalization of the PRC are aimed at stimulating the growth of domestic consumption in the country, at the same time we are talking about the closure of "ineffective" capacities.

The growth of copper production in China can have a negative impact on the world's prices.

In addition to insinuations near the US Federal Reserve, Gold, India has a significant effect, has a significant effect on its three times. “The weakness of physical demand, especially in India, is so obvious that any news positive for gold does not affect the markets as they could in the first four months of the year,” the Emiratesnbd report said.