METALS-Copper on track for biggest weekly tumble since March 2020

(Updates with official prices) LONDON, June 18 (Reuters) – Copper on Friday was on track for its biggest weekly fall since March 2020 after the Federal Reserve signalled it would begin to tighten monetary policy and China said it would sell state reserves to limit prices. 

POLL-Czech central bank seen starting rate hikes on June 23

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=CZCBIR%3DECI poll data * 10 analysts see main rate rising by 25 bps from 0.25% * All analysts see at least one more hike by year-end * Majority of central bankers flagged June hike as possible * Rates unchanged since May 2020, last hike Feb 2020 * Decision June 23 at 2:15pm (1215 GMT), presser 3:45pm (1345 GMT) PRAGUE, June 18 (Reuters) – The Czech National Bank is seen raising interest rates on June 23 after 13 months of stable policy as inflation pressures mount, with the economy showing strong signs of recovery as vaccinations help to bring the COVID-19 pandemic under control. 

PRECIOUS-Gold regains some ground, but set for worst week in 9 months

* Dollar heads for best week in 9 months * Gold uptick likely temporary given dollar strength -analyst * Silver, platinum and palladium also recover (Adds comment, updates prices) By Arundhati Sarkar June 18 (Reuters) – Gold rose 1% on Friday as a pause in the dollar’s rally helped it claw back some ground from sharp losses driven by the U.S.