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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
Osisko Gold Royalties (OR.US) will release its Earnings Reports after the market closes on February 19.
$Osisko Gold Royalties(OR.US)$ will release its Earnings Reports after the market closes on February 19, and investors should pay attention. How were the previous results? In Q3 2024, $Osisko Gold Royalties(OR.US)$ had revenue of 57.255 million Canadian dollars, a Net income of 18.288 million Canadian dollars, and an EPS of 0.10 Canadian dollars. In Q4 2023, revenue was 65.164 million Canadian dollars, with a Net income of -67.153 million Canadian dollars and an EPS of -0.36 Canadian dollars. The above data.
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.
RBC Capital Maintains Osisko Gold Royalties(OR.US) With Buy Rating, Raises Target Price to $24