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Goldman warns copper faces downside risk if Hormuz disruption persists
Copper faces further downside risk if the Strait of Hormuz remains blocked, Goldman Sachs Group warned, as metals markets assess President Donald Trump’s deadline for Iran to strike a deal or face broader attacks on civilian infrastructure. “We see the near-term risks as skewed to the downside if strait flows remain disrupted for longer than our base case, which would keep energy prices higher for longer and likely slow global economic growth,” Bloomberg reported, citing a Goldman Sachs research note. The bank trimmed its base-case forecast for copper this year to an average of $12,650 a ton from $12,850. ... (full story)
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From @DeItaone|Apr 7, 2026|94 commentsWHITE HOUSE'S LEAVITT TO AXIOS ON PAKISTAN'S PROPOSAL ON IRAN: PRESIDENT HAS BEEN MADE BEEN AWARE OF PROPOSAL, AND A RESPONSE WILL COME SENIOR IRANIAN OFFICIAL: TEHRAN POSITIVELY REVIEWING PAKISTAN'S TWO-WEEK CEASEFIRE REQUEST Just had a short call with POTUS: He declined to say how he is feeling about negotiations: “I can't tell you, because right now we're in heated negotiations.” He declined to weigh in on Pakistan’s 2 week deadline extension request – saying he’s about to be briefed fully on it -…
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From nypost.com|Apr 7, 2026|13 commentsPakistani Prime Minister Shehbaz Sharif called on President Trump to extend the deadline yet again to delay the US mass bombing of Iran’s infrastructure. Pakistan, which has been ...
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- Apr 7, 2026 3:20pm Posted byFundamental Analysis173
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