Gold and Commodities

Putin said that Moscow has no objections to a potential U.S.–Ukraine minerals deal.

Record-high gold prices came as demand for delivery at the Bank of England, the world’s second-largest custodian of bullion, surged.

Fourth-quarter U.S. GDP came in lower than expected, contributing to demand for gold.

A drop in the U.S. dollar and Treasury yields lifted the yellow metal.

The central banks of England and Japan are also set to announce their interest rate policies this week.

The precious metal’s price has appreciated by more than 34 percent this year amid a host of geopolitical triggers.

The spot price for gold hit a record $2,686 per ounce on Sept. 26.

Wood Mackenzie forecasts that copper demand globally will surge 75 percent to 56 million tonnes by 2050.

A disappointing US jobs report intensified global stock sell-offs, fueling fears of an economic slowdown and driving investors to safer assets.