Metals & Mining Monitor | General Decline in Metal Prices; BHP Reports Record Iron Ore Production for FY24, Copper Production Rises by 9%
Hello mooers! Check out the latest market dynamics of the metals and mining industry over the past week.
The market continues to digest the prospect of the US presidential election after Biden withdrew, and gold has fallen below $2400.
Due to traders weighing the decision of U.S. President Biden's withdrawal from re-election and what this means for the chance of Trump returning to the White House, the price of gold has slightly declined.
Check Out What Whales Are Doing With NEM
Whales with a lot of money to spend have taken a noticeably bullish stance on Newmont.Looking at options history for Newmont (NYSE:NEM) we detected 8 trades.If we consider the specifics of each trade,
Gold: Positioning Risks Skewed to the Downside – TDS
A reversal of the Trump trade threatens Gold bugs, TDS senior commodity strategist Daniel Ghali notes.
U.S. Ranks Next to Last in Development Time for New Critical Minerals Mines - S&P
NASDAQ is experiencing a major correction, where can you hide? The Dow Jones, gold, and US bonds are all falling, but bitcoin remains 'strong'.
Market style has changed due to factors such as improved prospects for Trump's campaign and increased expectations for interest rate cuts.
"Continued Deterioration"! Goldman Sachs warns that overcapacity will depress copper prices in the short term
Goldman Sachs analysts pointed out that China's exports of cathode copper hit a new high in June, but inventories increased and there was a headwind on the demand side. At the same time, the increase in supply in Africa, the supply growth of Congo and Zambia has been underestimated.
Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.Investors are
The situation changed? ETF has started to see net buy orders, and JPMorgan has called for a gold price of 2650!
According to Morgan Stanley, ETFs may become the new driving force behind the next round of gold price increases. Gold ETFs have started to increase their holdings since late May, and COMEX's net long position is at its highest since Q2 2022.
Does the Rally in Gold Still Have Room to Run? – TDS
The top ten participants trading in Shanghai Futures Exchange (SHFE) Gold continue to add to their Gold positions, growing their net length towards its highest levels on record, TDS senior commodity strategist Daniel Ghali note.
VanEck Merk Gold Trust (OUNZ) Passes $1B in Assets Under Management
OUNZ has long been a liquid, cost-efficient way to buy and hold gold and provides investors the option to request physical delivery of gold coins and bars VanEck is today celebrating the fact that its VanEck Merk Gold
Gold Price Eyes $3,000 as Market Bets on Federal Reserve Rate Cuts
Gold prices have been on an upward trajectory, driven by mounting expectations for Federal Reserve rate cuts and increased bets on Donald Trump's re-election.
Gold Posts Second-highest Close as U.S. Rate Cut Hopes Rise, Treasury Yields Fall
Rate Cut Bets vs. Trump Trades: Key Assets to Watch in the Hottest Trades Now
"Rate cut trades" and "Trump trades" have emerged as the most popular trading themes currently. Investors are closely monitoring which assets will be the first to benefit under these two trading themes and what opportunities are arising.
Huili: bullish on gold's performance in the second half of the year, a chance to buy in on a dip to $2300.
Zhao Shande said that from a technical perspective, any pullback to the strong resistance at $2300 can provide a good buying opportunity for investors, reflecting that gold has a certain defensive capability.
The probability of interest rate cuts in September is 100%! International gold prices have soared to a new high. Analysts believe it will soon challenge $2500.
Will it continue to ramp up?
Watch These Important Gold Price Levels As Metal Hits Record High
Gold (GOLD) prices climbed to set a new record high on Tuesday as investors move into the precious metal amid rising expectations that the Federal Reserve will lower its benchmark interest rate in September. Falling rates increase the non-yielding commodity’s demand by reducing its opportunity holding cost relative to interest bearing assets, such as fixed-income securities.
Spot gold hits new highs again! With positive factors accumulating, will the gold price reach $3,000 next?
As the market's expectations for the Fed's interest rate cut heated up, and some traders increased their bets on Trump's re-election, the international gold price reached a historic high.
Gold Miners Hit 27-Month Peak, Bullion Breaks Record As Traders Decide September Rate Cut As Good As Done
Gold reached new all-time highs Tuesday, with the commodity soaring above $2,460 per ounce and showcasing a robust 1.7% gain for the session, driven by heightened investor convictions that the Fed
China's Zijin Mining to Take 9.9% Stake in Montage Gold