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You can’t help but notice just how sensitive commodities are to US dollar movements right now. Take the price action on Thursday as a prime example with an unusually large increase in US jobless claims sparking big gains across the complex, seeing names like gold, silver and copper push back towards their YTD highs. The asymmetric reaction provides a sense ...
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Copper prices have topped US$10,000 per tonne for the second time in a fortnight but analysts including Goldman Sachs are predicting that there’s still a long way to go. Goldman’s latest forecast is for the red metal to reach US$12,000/t by the end of 2024 and then US$15,000/t in 2025. The last time copper went into five figures was in March 2022, when the ...