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China will release national reserves of copper, aluminium and zinc in near term – Reuters

China will release national reserves of copper, aluminum and zinc in the near term, Reuters reports, citing the country’s National Reserve Administration.

Separately, media reports also cited that China is said to expand oversight of domestic firms' commodities trading in overseas markets,

Gold Futures: Further decline not favoured

Traders scaled back their open interest positions in gold futures markets for the third consecutive session on Tuesday, this time by just 846 contract
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GBP/USD now risks extra losses – UOB

The downward momentum in GBP/USD has improved in past sessions, noted FX Strategists at UOB Group. Key Quotes 24-hoour view: “Our expectation for GBP
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