Pre. Settlement | N/A |
Settlement date | 2022-07-27 |
Open | 3.7410 |
Bid | 3.7345 |
Last price | 3.7390 |
Day's range | 3.6400 - 3.7980 |
Volume | |
Ask | 3.7410 |
Surging debt interest forces Sunak to borrow £14bn as inflation crisis bites Britain ‘definitely’ entering recession as prices surge FTSE 100 falls amid recession fears Ben Wright: The world’s favourite money-making strategy is dead Sign up here for our daily business briefing newsletter
Copper prices fell to a 16-month low on Thursday in the latest sign of recession fears gripping the wider industrial metals market. Often seen as a gauge of economic activity because of its use in everything from household appliances to electric vehicles, copper was 4.5 per cent lower at $8,387 a tonne in late trading. It is now down 14 per cent for the year.
Gold markets have initially fallen during the trading session on Thursday but have also found buyers as we continue to see a lot of volatility.