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Base Metal Prices Slide After Volatile End to Week -- Market Talk
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.
Gold Futures To See Cautious Trading Next Week
Eldorado Gold (EGO.US) will release its Earnings Reports after the market closes on February 20.
$Eldorado Gold (EGO.US) will release its Earnings Reports after the market closes on February 20th, and investors should pay attention. How were the previous performances? $Eldorado Gold (EGO.US) reported revenue of $0.332 billion and net income of $91.265 million for Q3 2024, with an EPS of $0.46. For Q4 2023, the revenue was $0.307 billion and net income was $90.537 million, with an EPS of $0.48. The accounting standards used for the above data are US GAAP. Futubull reminds: 1. The fiscal year division for listed companies in Hong Kong and the US is not strictly defined and is entirely up to.
Multiple major Banks have issued warnings, indicating the risks of Precious Metals Trade.
As gold prices reach new highs.
HSBC Outlook 2025: The Federal Reserve to cut interest rates three times, optimistic about the USA market and Gold.
HSBC maintains its "golden girl" economic outlook for the first half of 2025 (H1), believing that the market will continue to achieve broad gains in terms of interest rates and risk Assets.
