Tag: copper

The story behind the surge in silver, copper, and gold

Copper (HG=F) and Silver (SI=F) have both risen to new highs as demand increases for these metals, while Gold (GC=F) also rises as China’s Ministry of Finance proceeds with a stimulus plan involving the sale of $138 billion worth of ultra-long special sovereign bonds. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone joins Market Domination Overtime […]

Copper and Gold Close In on Records as Metals Mayhem Continues

(Bloomberg) — Copper vaulted toward a record in London and nickel spiked nearly 8%, capping a week of big moves in industrial and precious metals markets as bullish investors pile in and bearish bets unravel. Most Read from Bloomberg Global benchmark copper contracts on the London Metal Exchange rallied as much as 2.8% on Friday […]

Chinese Stocks Rally, Copper Hits All-Time Highs

China Goes All In As Beijing Vows To Buy Unsold Properties: Chinese Stocks Rally, Copper Hits All-Time Highs Xi Jinping’s government has introduced its most aggressive measures to date to rescue China’s struggling property market. On Thursday, Beijing announced a new plan that included easing mortgage regulations and urged local governments to purchase unsold homes, […]

Copper prices rise amid supply squeeze

Copper (HG=F) prices have risen this year amid a supply squeeze. Wells Fargo Head of Real Asset Strategy John LaForge joins The Morning Brief to discuss what is driving copper prices higher and the commodity’s outlook. “We, frankly, are not producing enough copper, and yet, there are buyers everywhere right now for copper,” LaForge says. […]

Copper Breaches $10,000 Again as Goldman Sees ‘Stockout’ Risk

(Bloomberg) — Copper powered through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Groups Inc. warned of intensifying supply stress. Most Read from Bloomberg Metals joined a wider rally in risk assets after soft US jobs data triggered renewed speculation that the Fed will move to lower rates […]