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Commodity Roundup: Outlook Remains Bearish for European Gas Prices, BMI Says, Henry Hub Prices to Rises 41% Y-o-y
Gold Climbs To US$2,690, Analysts Maintain Bearish Trading Bias
NYSE Copper and Silver surged significantly, with "tariff fears" bringing about the "USA Metal premium".
Market worries about the uncertainty of Trump's trade policy have led to a premium of over $0.9 per ounce for Silver Futures on the NYSE compared to London spot silver, nearing the peak from December last year, while the premium for Copper Futures also reached $623 per ton.
Gold Price Stands Tall Near Multi-week Top; Looks to US NFP for Fresh Impetus
Gold continued to rise, with COMEX Gold Futures closing up by 0.47%.
Gold continued to rise, as traders considered the prospects of the Federal Reserve's easing path ahead of the important employment data released on Friday. COMEX Gold Futures rose by 0.47%, closing at $2692.6 per ounce; COMEX Silver Futures increased by 0.93%, closing at $31.03 per ounce.
Why investors are still buying gold despite a strong dollar and rising Treasury yields
