NEW YORK, June 9 (FintechZoom): Gold futures are falling during trading on Thursday in the United States. However, some analysts believe that this could be a short-term dip and that gold prices could rebound soon.
The August gold futures are trading at US$1.00 per ounce troy. This means that people are willing to pay $1.00 for each unit of gold that they purchase.
The value of gold futures for August is falling by 0.36 percent. This decline follows a recent spate of positive news regarding the metal. Despite this, many experts remain optimistic about gold’s prospects in the coming months.
Silver for July delivery didn’t fare too well, falling 1.85 percent. Silver traded at $21.68 per troy ounce.
Copper prices fell today, with July delivery down 2.08% to $4.36 per pound. Many traders are watching closely to see how the metal fares in the coming weeks. Some believe that the recent slump is just a temporary setback, while others think it could be the start of a more sustained decline. Regardless of where prices ultimately end up, one thing is clear: the market for copper is always volatile and changes can happen quickly.
