“We can’t be in the position Europe was in front of the invasion of Ukraine,” said John Podesta, senior White House adviser for clean energy.

China raised its gold holdings by about 8.09 tons in April, according to data from the State Administration of Foreign Exchange.

Market is expected to remain in a deficit in 2023 but conditions will not be as tight as previous years, according to the investment bank.

Copper inventories in Shanghai Futures Exchange warehouses fell to their lowest levels since January.

Increased equipment maintenance amid shrinking margins will further cap demand for iron ore in the short term – analyst.

Chinese operations shut for maintenance and plants in North America slowed down.

"His words disregarded facts and confounded black with white. The Chinese side expresses its strong dissatisfaction and resolute opposition to this," the Chinese Embassy in Ottawa said.

Shoppers leaving empty-handed complaining of high prices are becoming a more common sight at gold stores in China and India.