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Gold prices muted, copper buoyed by China stimulus hopes
Gold prices moved little in Asian trade on Tuesday as investors awaited more cues on U.S. monetary policy and inflation this week, while copper ticked higher amid bets on more government spending in major importer China. The yellow metal still retained its $1,900 an ounce support level as a substantially weaker-than-expected nonfarm payrolls report dented the dollar and spurred hopes that the Federal Reserve was close to ending its rate hike cycle. But Fed officials said that the bank would still need to raise rates in the near-term to combat overheated inflation. Markets are widely pricing in an at least 25 basis ... (full story)
