07 Mar 2023 03:06 (2 bulan 22 hari lalu) -
(Kitco News) Commodities are under pressure after China set a modest economic growth outlook of 5% for 2023. And there were no major stimulus announcements. China set a GDP growth target of around 5% for this year, which underwhelmed market expectations. In response, the commodity complex took a step back, sending copper, iron ore, aluminum, platinum, and other precious metals prices lower. "Industrial metals edged lower in the morning trading session today (after ending higher on Friday) after the annual National People's Congress meeting in China did not announce any major new stimulus plans," said ING's commodity strategists Warren Patt ...