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Gold Futures Add to Record in Eight-day Win Streak; Citi Sees Gold up to $3,500 by Year-end
VanEck Gold Miners ETF on Track to Reverse Course After Strong Rally
Why can gold prices still rise after breaking through 3000 dollars?
UBS Group stated that the continued rise in gold prices is due to the escalating trade tensions, increasing concerns about economic growth, persistent geopolitical risks, and the weakness of the dollar is also a contributing factor.
Bullion Shines On Possible Double Rate Cuts By Fed This Year
Is there a crazy rush before Trump's tariffs? A large amount of Copper is about to "flood" the USA ports...
According to four insiders familiar with the shipping situation, it is expected that 0.1 million to -0.15 million tons of refined Copper will arrive in the USA in the coming weeks; if they all arrive in the same month, it is expected to exceed the historical maximum import record of 136,951 tons set in January 2022.
"After the 'gold rush', the USA fiercely 'rushes for copper', causing copper prices to rise sharply, with LME copper futures exceeding 0.01 million dollars."
Under the threat of tariffs, USA importers are hoarding Copper, causing the price of COMEX copper and the premium on LME to rise to over 1,200 USD per ton, approaching the historical high set in mid-February. Analysis suggests that this premium is reshaping the Global Copper trade pattern, with Asia potentially facing supply shortages, and this chaotic situation is supporting the rise in Copper prices in the short term.
