Copper Breaches $10,000 Again as Goldman Sees ‘Stockout' Risk [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
Most Read from Bloomberg Israel Says a Cease-Fire Plan Backed by Hamas Falls Short Jack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology' At $2 Million Per Minute, Treasuries Mint Cash Like Never Before Ex-Trump Controller Says Cohen Repaid From Personal Account S&P 500 Extends Gains in Final Minutes of Trading: Markets Wrap Metals joined a wider rally in risk assets after soft US jobs data triggered renewed speculation that the Fed will move to lower rates this year. Copper rose as much as 2.1%, returning to five digits again after a brief period in late April. The prospect of Fed easing is adding to tailwinds for copper as bulls predict further gains with the world's mines struggling to match growing demand. Goldman raised its year-end price target to $12,000 a ton, from $10,000 previously. “We continue to forecast a shift into open-ended and mounting metal deficits from 2024 onwards,” the bank's analysts including Nicholas Snowdon wrote in a note. There's p
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News
- Copper and Gold Close In on Records as Metals Mayhem Continues [Yahoo! Finance]Yahoo! Finance
- Copper and Gold Close In on Records as Metals Mayhem Continues [BNN Bloomberg (Canada)]BNN Bloomberg
- Gold prices trim some weekly gains on tempered rate cut hopes [Yahoo! Finance]Yahoo! Finance
- Europe's Aluminum Output Starts to Recover as Energy Prices Fall [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Europe's Aluminum Output Starts to Recover as Energy Prices Fall [BNN Bloomberg (Canada)]BNN Bloomberg