Commodities Daily - November 6, 2019
> Gold comes under pressure from better than expected US economic data. A World Gold Council report also showed weak demand for gold in 3Q19. Today, October PMIs are due from across the eurozone, the ECB will hold an annual forum on banking sector regulation and three regional Fed presidents are scheduled to speak.> Base metals seeing mixed trading amid uncertainty around "phase one" trade deal between US and China. Copper prices advanced 1.1% yesterday after Antofagasta announced a downward revision to its copper output guidance for this year amid the ongoing protests in Chile. Other metals, meanwhile, posted losses, with zinc losing a notable 1.6% yesterday.
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