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Commodity Roundup: Crude Oil Extends Gains, Gold Holds Steady Ahead of Data-packed Week
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Will copper prices soar in the long term? BHP Group Ltd: The AI wave will intensify the copper shortage.
①Although the global copper market is currently in a phase of weak demand, mining giant BHP Group Ltd. warns that future copper demand will largely skyrocket due to the artificial intelligence wave; ②BHP Group Ltd. warns that copper is a key metal in the transition to clean energy, and the development of artificial intelligence will exacerbate the copper shortage issue.
Europe Natural Resources Fund: Global stock markets are beginning to experience sharp declines. Buy gold in segments after each sharp decline.
It is possible that the US stock market will peak this month (if Trump is elected, there may be a honeymoon period of about six months for the US stock market), and gold may be used as a cash machine, bringing down the price of gold when the stock market falls.
Soochow: Both the large and small non-farm payrolls in the USA have recorded data below expectations, with a weak labor market driving a decline in industrial metals.
This Friday, Federal Reserve Director Waller reiterated the necessity of "preemptive rate cuts" in his last public speech before the September meeting. Soochow Securities believes that the Federal Reserve is currently reducing its tolerance for labor market weakness and sending a signal of continuity for future interest rate cuts.
74295770karicc : What about titanium?