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Tariff threats have triggered drastic changes in the flow of Copper: the USA "absorbs Copper" while Europe "lacks Copper".
In some areas of the European continent, spot Copper premiums have risen to a historic high. The Global Copper market is active in arbitrage trading, and the substitution of scrap Copper is heating up.
Bond King Gundlach strongly supports Gold: tariffs fundamentally changed the market, and Gold prices are expected to rise another 20%!
① "Bond King" Gundlach predicts that Gold prices could rise to $4,000 per ounce, a 20% increase from current prices; ② He emphasizes that tariffs have fundamentally changed traders' perceptions of Precious Metals, and Gold is now seen as a monetary Asset; ③ Analysts believe that a healthy consolidation of Gold prices may still continue in the short to medium term, but the structural factors supporting Gold's strength remain solid.
Gold Tops Stocks as Second-favorite Long-term Investment, Real Estate Still No. 1 - Gallup Poll
RingCentral Shares Are Trading Higher After the Company Reported Better-than-expected Q1 EPS and Revenue.
AngloGold Ashanti Shares Are Trading Higher After the Company Reported Better-than-expected Q1 Financial Results.
Here are the reasons for the sharp pullback in Gold! Gold price plummeted by 58 dollars according to FXStreet Analyst's trading analysis.
24K99 news: President Trump of the USA announced a trade agreement with the United Kingdom, which has increased market risk appetite. Additionally, the US dollar and US Treasury yields have surged significantly, causing spot Gold to plummet on Thursday (May 8).