Europe Asia News

Precious and industrial metals remained under selling pressure in global commodity markets.

As investors adopted cautious positions, all precious metals moved lower.

Gold fell 0.53 percent to $4,028.60 per ounce, while silver lost 0.89 percent to trade at $57.535.

Among industrial metals, copper declined 0.47 percent to $6.314.

Among precious metals, platinum fell 1.23 percent to $1,589.00, while palladium recorded the steepest loss of the day. Palladium dropped 1.77 percent to $1,240.00.

The broad decline across commodity markets suggested that investors were reassessing the global economic outlook, interest rate expectations and demand for safe-haven assets, with selling pressure particularly evident in precious metals.