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Base Metal Prices Slide After Volatile End to Week -- Market Talk
The significance of Russia-Ukraine peace for Commodity! Goldman Sachs: significant impact on Henry Hub Natural Gas, limited impact on gold and Aluminum.
Goldman Sachs warned that if the flow of Henry Hub Natural Gas from Russia to Europe returns to pre-war levels, European Natural Gas could drop by 56% this summer. Since current sanctions have not severely impacted the export volumes of Russian oil and Metal, the impact of a peace agreement on these Commodities is relatively limited. The Global central bank gold buying spree will also continue.
What will the impact of Gold revaluation brought by Trump be like, just like QE!
The repricing of Gold will simultaneously relax fiscal and MMF policies, similar to QE, as the Federal Reserve can quietly inject nearly 700 billion dollars in Cash into the Treasury, causing gold prices to soar...
The "Global turmoil" has increased the demand for safe-haven assets, and Gold has become the number one "Trump Trade"!
Analysts state that Gold is the "Trump Tariff Trade," and there is a positive correlation between tariff news and the increase in Gold prices.
The expectations for tariffs continue to ferment, causing significant fluctuations in Copper within a week.
Recently, the main factors driving the prices of gold and copper are expectations regarding tariffs. In addition to the anticipated 25% tariffs on Canada and Mexico, many Institutions predict that the Trump administration may impose a 10% tax on imported refined copper. Gold and copper prices on COMEX continue to strengthen, especially the premium of copper prices compared to other market prices has rapidly widened, reaching a historic high. On Friday, copper prices fell sharply; on one hand, USA retail data showed significant weakness, and on the other hand, there may be new news about tariffs, causing price spreads to narrow significantly as prices fell, with gold prices also following suit in the correction.
Retail investors consistently misjudge Gold prices! Wall Street giant Schiff: The Federal Reserve is facing a fatal blow from "stagflation", Gold will see a bigger rebound.
Wall Street mogul Schiff believes that retail investors consistently determine the price of Gold incorrectly. Despite the public selling off Gold, he states that stagnation inflation is a fatal blow to the Federal Reserve's MMF policy, anticipating a larger rebound for Gold.