TAG: Copper
What Next Following Last Week's Copper Rally?
Copper Rally Pauses for NowCopper prices are beginning the week in a quieter fashion after the solid gains we saw last week. The market surged higher by more than 4% as weakness in the US Dollar helped lift demand. Prior to last week’s rally, copper price...
7 months ago
Gold, Silver, Copper Daily Forecast: XAU Hits $2,257; More Buying Ahead?
Market OverviewGold prices reached a new peak, with spot gold hitting $2,257 per ounce, despite the stronger dollar and U.S. manufacturing data indicating economic robustness. This growth dampened immediate rate cut expectations, elevating Treasury yields...
6 months ago
Copper Rallies on China Factory Boost & Weak USD
Better China Data Boosts CopperCopper prices have broken out to their highest levels since January 2023 this week. There are a few factors at play here but the two main bullish drivers to focus on are the improvement in Chinese factory data and the weakne...
6 months ago
Gold Prices Surge Above $2300. Is $2500 The Next Stop?
Gold’s Meteoric Rise: A New Chapter UnfoldsAs Gold prices continue their unstoppable run higher, scaling new all-time record highs for a third consecutive quarter in a row – analysts at GSC Commodity Intelligence have dubbed this the beginning of a “New E...
6 months ago
Gold prices climb on Chinese buying. Is there more to come?
This suggests that there is yet more upside to come as the Chinese state is buying gold to avoid reliance on the US dollar. Russia is also a big buyer of gold, but Meyer agrees that this is a bit of a sideshow compared to the Chinese position. The discuss...
6 months ago
Here’s Why Gold At $3000 And Silver At $50 Is A Real Possibility In 2024
Gold’s Glittering Surge: Riding the Wave of the 2024 Economic LandscapeThis comes as no surprise, considering the current macroeconomic backdrop is fuelling a “perfect storm” for Gold – firmly positioning the precious metal as one of the best performing a...
6 months ago
Copper Rally Stalls on China Data Miss
Weak China DataCopper prices have come under fresh selling pressure on Tuesday as traders grapple with weaker industrial data out of China and a stronger US Dollar. Overnight, the latest Chinese industrial production reading was seen falling back to 4.5%...
6 months ago
Want To Know Where Oil Prices Are Heading Next? Then Keep An Eye On Gold
From Metals to Energies: Unraveling the 2024 Commodities BoomThis is now the fourth consecutive year that has seen a total of 47 commodities ranging from the Metals, Energies to Agriculture tallying up astronomical double to triple digit gains.So far this...
5 months ago
Missed Out On The Gold Rally? Here’s Another Commodity On The Verge of A Major Boom
However, according to analysts at GSC Commodity Intelligence there’s another hot Commodity to watch – hailed as the “hidden gem”.Copper: Wall Street’s Hidden Gem in the 2024 Commodities BoomAs the demand for Commodities continues to soar in 2024, this und...
5 months ago
Fresh Russia Sanctions Driving Copper Rally
Copper Rally ContinuesCopper prices are seen breaking out to their highest level since June 2022 today as geopolitical uncertainty creates growing supply risks. News of fresh UK/US sanctions on Rusisan metals suppliers is stoking fears that an already-tig...
5 months ago
Is The Dip In Commodities A Buying Opportunity?
After an explosive start to 2024, which has seen Commodities across the board hit new multi-year and all-time record highs – prices have pulled back this month as trader’s bank windfall profits to offset losses in other asset classes such as Equities.Acco...
5 months ago
Gold Technical: Is the bull run over after its worst daily decline in 2 years?
This is a follow-up analysis of our prior report, “Gold Technical: At risk of mean reversion corrective decline after 19% gain” published on 15 April 2024. Click here for a recap. The price actions of Gold (XAU/USD) have shaped the mean reversion decline...
5 months ago
Metal Market Moves
Recent times have seen changes in the fortunes of certain commodities that are making waves across global markets. Let’s take a look at how the prices of certain resources and associated companies are shifting:Copper Burnishes Its ShineCopper has emerged...
5 months ago
Here’s 3 Commodities Primed For Triple Digit Gains In 2024
Copper Shines, Leading the Charge in the 2024 Commodity SupercycleThis is now the fourth consecutive year that has seen a total of 47 Commodities ranging from the Metals, Energies to Agriculture notching up new multi-year and all-time record highs.While G...
5 months ago