Gold prices fell in Asia as investors moved away from risk trades on North Korea tensions, but copper staged gains as housing data from China showed continued gains for prices albeit at a slower pace that the previous month. Last week, gold prices fell as investors shrugged off a rise in geopolitical uncertainty that followed after North Korea launched a missile over Japan on Friday while growing expectations that the Federal Reserve will hike rates later this year kept the precious metal on track for a weekly loss. A day after data showing inflation rose to its highest in seven months fuelling expectations of a December rate hike, gold prices remained on track to snap three-week winning streak. Losses, however, were limited by weak U.S. economic data.
Source : Investing
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