| Copper dropped and gold gained as weak Chinese trade data undermined confidence in the global economy. Chinese exports unexpectedly shrank the most since February, while imports also declined. The figures signaled slower growth in the world’s second-largest economy just as the U.S. prepares to raise interest rates, boosting gold’s appeal as a haven.
“The Chinese data was disappointing to the industrial metals and pushing the asset protection side of precious metals,” George Gero, a managing director at RBC Wealth Management, said in a telephone interview..........................................Full Article: Source
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