Copper prices surge past $10,000 per tonne on optimism about Chinese stimulus and potential interest rate cuts. Analysts predict copper could reach new record highs, with supply concerns and the green energy transition adding further fuel to the rally.
Interest Rates
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Gold prices surged on Wednesday, reaching their highest level in nearly a month, as data indicated cooling inflation and sluggish retail sales in the United States. These figures bolstered expectations of an interest rate cut by the Federal Reserve later this year, which typically strengthens the appeal of gold.
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The gold market is experiencing a period of volatility as investors grapple with mixed signals from the US economy and renewed geopolitical tensions in the Middle East. Following its first two-week decline of 2024, gold prices edged higher on Monday, reflecting this complex economic and political landscape.
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The price of gold surged to a record-breaking $2,350 per ounce on Monday, fueled by a combination of factors including central bank…
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Gold prices skyrocketed to a record high on Monday, surpassing the $2,265 mark per ounce in pre-market trading. This surge comes amid…
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As Middle Eastern conflict persists, traders worldwide steel themselves for another week of intense volatility, shifting their attention to traditional safe-haven assets…