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It took about 24 months for the price of copper to reach the psychological mark of U.S. $10,000 per metric ton. Three-month copper futures on the London Metal Exchange (LME) touched the $10k mark last week. The last time copper crossed this threshold was in March 2022, when it reached $10,845 per ton in the wake of Russia’s invasion of Ukraine. Many copper ...
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Gold price ended April with a bang – declining by over $50 yesterday, and closing the month about $150 below its high. And that, my friends, is an epic reversal. Gold price was likely to decline here, as it has already broken below the rising support line, and it verified this breakdown. Quoting my yesterday’s analysis: Consolidations, pauses, and breathers ...