MTECHTIPS;-Gold / Silver / Copper Prices – Weekly Outlook: July 30 – Aug. 3

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MTECHTIPS;-Gold / Silver / Copper Prices – Weekly Outlook: July 30 – Aug. 3

MTECHTIPS-Gold prices settled lower for the day and for the week on Friday as the bearish trend in the yellow metal continued. Expectations for higher rates tend to be bearish for gold, which struggles to compete with yield-bearing assets when rates rise, while a stronger U.S. currency makes gold and other dollar-denominated commodities more expensive for foreign investors.Elsewhere in precious metals trading, silver settled up 0.13% at $15.515 a troy ounce, for a weekly loss of 0.35%.Platinum settled at $832.30, 0.41% lower for the day, to end the week with a gain of 0.41%. Among base metalscopper ended at $2.796, down 0.78% for the day, trimming its gains for the week to 1.53%. Ahead of the coming week, www.mtechtips.com has compiled a list of significant events likely to affect the markets

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