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Just as one might think we are drifting into a bit of an early summer low we see that some commodity markets and precious metals have some alive.Friday was a day for spot Silver passing US $30 and this morning we see that Copper has also been on a bit of a tear. BREAKING: *COPPER PRICES HIT A NEW RECORD HIGH ( Investing.com) So let us take a look. Copper ...
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Gold prices hit an all-time high of $2,448.80/oz. on April 12, 2024, on the back of hotter-than-expected NFP, sticky inflation and rising geopolitical risk. These factors attracted inflow of funds as shown by increasing managed money long positions to around two-year high. Despite the pullback towards the end of the month as profit-taking and U.S. dollar ...