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Expectations of interest rate cuts are putting pressure on gold and copper again, waiting for this week's PMI data to provide guidance.
Last week's released overseas macro data remained relatively weak, while Fed officials' statements were relatively hawkish, especially Federal Reserve official Bowman pointed out the possibility of interest rate hikes, which put pressure on the market, causing the US dollar to further strengthen against other currencies. This week, there will be intensive release of Euro-American PMI data, which will be a good guide for the market.
Swift Networks Group Secures AU$1.2 Million Contract Renewal With AngloGold Ashanti Australia
Swift Networks Group (ASX:SW1) secured a AU$1.2 million contract renewal with AngloGold Ashanti Australia for the delivery of 24/7 technical support and entertainment services, according to a Monday f
Unusual Options Activity: BEKE, TFC and Others Attract Market Bets, BEKE V/OI Ratio Reaches 100.9
EST Jun 28th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trend
Express News | Drilling Continues to Expand Gold Zones at Oko – 10.0M @ 9.7 G/T AU & 52.3M @ 2.1 G/T AU
Perenti Wins AU$450 Million Mining Contract Extension at Sunrise Dam in Western Australia
Perenti's (ASX:PRN) underground mining business, Barminco, won a three-year extension of its mining services contract at New York-listed AngloGold Ashanti's Sunrise Dam in the Goldfields of Western Au
Delivery concerns reoccur! The near-month copper price differential is once again on the rise.
Summary: The COMEX copper price curve has shifted downwards from before, and the curve has further converged in the near term, but the monthly difference in the near term has risen again. Currently, there are only two weeks left before the delivery of the July contract, but there is still no sign of delivery, and the holding position of the July contract is still relatively high. In addition, the continuous depletion of COMEX copper inventory is currently less than 10,000 tons, so the near-term price difference has widened again, reflecting the market's concern about the upcoming delivery. The next two weeks will be critical. Key insights: 1. Last week, precious metals and copper prices fluctuated.
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