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Copper extends decline from record high as investors shift to risk-off positioning
Copper continued to pull back on Monday for a second straight session as investors moved into risk-off mode after Kevin Warsh’s nomination as the next Fed chair, while demand was also subdued in the run up to China’s Lunar New Year break. The most-active copper contract on the Shanghai Futures Exchange slumped 7.60% to 100,110 yuan ($14,401.00) a metric ton as of 0330 GMT. The benchmark three-month copper on the London Metal Exchange dropped 2.73% to $12,798 a ton.Copper is taking hits after it set record highs on both exchanges on Thursday, touching 114,160 yuan in Shanghai and $14,527.50 in London, supported by ... (full story)
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From beemarkets.com | Feb 2, 2026
A nearly 9% drop in copper prices over the last two trading sessions marks a sharp return to reality for a market that analysts say had surged far ahead of its underlying fundamentals. The recent rally, which pushed copper to a record high of $14,527.50 per metric ton last Thursday, appears unsustainable when measured against weak demand, rising stockpiles, ...
From breakingthenews.net | Feb 1, 2026
Silver fell by 6.32% at 10:15 pm ET, going for $78.69 per ounce. Gold dropped 3.31% to $4,717.92 per ounce at 10:21 pm ET. Platinum lost 0.95%, a minute later, selling for $2,202.64 per ounce and palladium lowered 0.87% to $1,736.45 per ounce.
Silver is trading at $78.67 on the Monday London session after a 35% crash from its record peak last Thursday. The move from $121.00 to $78.67 is not merely a technical correction; it is a structural “reset” of the precious metals market. The primary driver is the “Warsh Factor.” Market participants view Kevin Warsh as a monetary hawk likely to prioritize ...
