From Bold to Boring

After a rollicking spring rally, gold has settled into a trading range that seems typical for a summertime slowdown. One indicator is now pointing toward a big surprise soon, however.

FXStreet13:57 ET

Expectations of interest rate cuts are putting pressure on gold and copper again, waiting for this week's PMI data to provide guidance.

Last week's released overseas macro data remained relatively weak, while Fed officials' statements were relatively hawkish, especially Federal Reserve official Bowman pointed out the possibility of interest rate hikes, which put pressure on the market, causing the US dollar to further strengthen against other currencies. This week, there will be intensive release of Euro-American PMI data, which will be a good guide for the market.

CME GroupJun 30 23:22 ET

Seabridge Gold Reports on Results of Annual Meeting of Shareholders

Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - Seabridge Gold (TSX: SEA) (NYSE: SA) (the "Company") today provided the results of its annual general meeting of shareholders held on June 27, 2024

newsfileJun 28 16:30 ET

Seabridge Gold Has Outperform Rating, US$30 Price Target at RBC Capital Markets After Detailing Updated Resource From Iskut

Seabridge Gold (SEA.TO,SA) has an Outperform, Speculative Risk rating and a US$30 price target at RBC Capital Markets after the company released an updated resource estimate for the Bronson Slope depo

MT NewswiresJun 28 07:30 ET

International Paper Shares Dip 15% In Pre-Market After Suzano Drops Acquisition Pursuit

Suzano SA (NYSE:SUZ) has decided to abandon its pursuit to acquire International Paper Co. (NYSE:IP), one of North America's largest recyclers and a global producer of packaging, pulp and other fiber-

BenzingaJun 27 06:03 ET

Delivery concerns reoccur! The near-month copper price differential is once again on the rise.

Summary: The COMEX copper price curve has shifted downwards from before, and the curve has further converged in the near term, but the monthly difference in the near term has risen again. Currently, there are only two weeks left before the delivery of the July contract, but there is still no sign of delivery, and the holding position of the July contract is still relatively high. In addition, the continuous depletion of COMEX copper inventory is currently less than 10,000 tons, so the near-term price difference has widened again, reflecting the market's concern about the upcoming delivery. The next two weeks will be critical. Key insights: 1. Last week, precious metals and copper prices fluctuated.

CME GroupJun 23 22:26 ET