French bank Societe Generale has published a strictly negative outlook for bullion, stating that gold is still in a "bubble territory."
Silver joined the bearish club testing its support of $27.0 per ounce, reacting the same way as bullion. Copper was traded near its 7-month low, hitting $3.341 a pound following disappointing US and Chinese manufacturing data on Monday and stayed at low levels waiting for fresh data. On the Comex division of the New York Mercantile Exchange, copper futures were traded at $3.365 a pound on Wednesday.
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