Silver is perking up, copper just hit a record high, and gold is flat. Silver futures (SI=F) and copper futures (HG=F) have been rising hand in hand lately, while gold futures (GC=F) have fallen. The metals market is drawing a line between safe haven demand and physical infrastructure demand, and right now AI development is…
Copper inventories on the exchanges have exceeded one million tons for the first time in 21 years. Meanwhile, smelter activity has slowed, demand from China has softened, but the price remains elevated despite having retreated from January highs. The answer lies in the lack of confidence in long-term supply. The market has entered an era…
Metals have had a record year with recent increases in the prices of gold (GC=F) and silver (SI=F), but there is a third metal that is reaching its own all-time highs. Copper prices have risen more than 35% this year, preparing to post the biggest annual gain since 2009, driven by growing technological demand, supply…
As the day wore on in the United States, stock markets had a mixed ending. This happened because people were feeling less confident about spending and there were also concerns about problems in the Middle East, even though the big US banks had some good news about their profits. US Stock Market Overview The big…
