#Gold silver #ratio today touched 69.07 which is the #lowest level since April-2017. It had hit an all-time high near 126.43 in March-2020; this indicates significant # outperformance performance by silver since March-2020.
#IMF released #Central bank #gold holdings, United States holdings for May, June & July 2020 are constant at 8,133.46 tonnes, these is no change in the central bank gold #holdings for US.
#Copper hits $6,791 on the #LME which is the highest level since June-2018, backed by strong #Chinese#manufacturing#PMI released by Caixin today, PMI for August stands at 53.1, expected 52.6, previous 52.8.
The Perth #Mint's sales of #gold products rose 20.2% MoM in August to 67,462 ounces, sales of #silver coins in August dropped to 1,431,036 ounces from 1,567,900 ounces in July.
According to #CFCT data, speculators reduced their #long positions in #COMEX#gold in the week to August 25. Gold futures' net long declined by 2,480 contracts, to 221,038. Speculative long positions slipped by 810 contracts, while shorts gained by 1,670.
#Shanghai#copper#prices are set for their fifth consecutive monthly gain, which puts SHFE copper on track for their longest monthly winning streak since 2009.
https://t.co/f6ajajn3J4
On #gold discounts of $43 per ounce were offered in #India over official #domestic price, this is the highest since the last week of March-2020.
https://t.co/iWKrUkNtUJ
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#Copper on the #LME hits the #highest#level since June-2018, dollar weakness and #demand recovery along with inventory draw-down has helped the metal rally.
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