Copper prices rose by 1.58% to 883.5 due to increasing demand and tightening supply, raising concerns about potential shortages. The metal’s crucial role in electrification and its use in AI and automation infrastructure has led to optimistic forecasts about its future demand. Despite soaring prices, China’s continued importation of ore signals sustained demand from manufacturers,…
Copper prices rose by 0.54% to settle at 846.05 due to changing market dynamics and persistent supply-side issues. The closure of Cobre Panama mine since December has caused a global shortage of copper concentrate, which has supported prices. Bans on Russian production of nickel, copper, and aluminum by the US and UK have further tightened…
On Monday, gold prices increased and maintained a seven-month high as signs of a slowing jobs market raised hopes for a lower U.S. inflation reading this week and a future shift away from the Federal Reserve’s aggressive rhetoric. After Labor Department data revealed that U.S. nonfarm payrolls expanded at their weakest rate in a year…
On Wednesday, gold prices stayed at six-month highs, ending a recent rise as traders repurchased dollars in anticipation of additional monetary policy clues from the Federal Reserve’s December meeting minutes. The yellow metal saw a solid start to the year as demand for safe havens other than the dollar surged in response to worries about…
On Monday, gold prices barely changed as markets processed a barrage of hawkish central bank signals and rising recession concerns, but copper prices recovered some of their recent losses thanks to expectations of a Chinese economic recovery. The Federal Reserve and the European Central Bank both warned that interest rates are likely to rise higher,…
