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Gold rises further as copper, nickel gain too

THE gold price moved above US$2040 per ounce as expectations continued to strengthen that the rising US interest rate era is coming to an end, while copper gained on the concurrent weaker US dollar trade and positivity around China stimulus.

Michael Quinn
Gold rises further as copper, nickel gain too

However, it was nickel that jumped the most, albeit its plus-4% gain was from its lowest price since 2021. The base metal's fall earlier this week below US$16,000/t came against a backdrop of Indonesian...

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