-
Copper set for second straight monthly gain on US-Iran peace deal hopes
Shanghai copper rose on Friday, on track for a second straight monthly rise, as hopes of a US-Iran peace deal pushed oil prices and the dollar lower, easing fears of higher inflation and a global slowdown. The most-traded copper contract on the Shanghai Futures Exchange was up 0.8% at 104,900 yuan ($15,472.55) as of 0324 GMT. The contract has gained 3.7% so far this month. Three-month copper on the London Metal Exchange was unchanged at $13,699 a metric ton. Both the contracts were up for the second straight month. The United States and Iran reached an agreement on Thursday to extend their ceasefire and lift ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran will complete the immediate removal and/or detonation of any mines that are left, which will not be many!). Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of “heading home!” Say HELLO to your wives, husbands, parents, and families from me, your favorite President! The enriched material, sometimes referred to as “Nuclear Dust,” which is buried deep underground with virtually collapsed mountains, caused by our powerful B2 Bomber attack 11 months ago, sitting on top of it, will be unearthed by the United States (which, it is agreed, is the only Country, along with China, with the mechanical capability of doing so!), in close coordination and conjunction with the Islamic Republic of Iran, plus the International Atomic Energy Agency, and DESTROYED. No money will be exchanged, until further notice. Other items, of far less importance, have been agreed to. I will be meeting now, in the Situation Room, to make a final determination. Thank you for your attention to this matter! President DONALD J. TRUMP
Gold is attempting to form a near-term base, with technical signals on the daily chart turning increasingly constructive. However, options traders remain cautious, with demand for downside protection rising and implied volatility beginning to lift from recent lows. The next move may hinge on whether markets continue to price in hopes of a peace deal between ...
President Donald Trump on Friday morning said he is meeting in the Situation Room “to make a final determination” after listing everything that Iran must do for him to approve a deal to end the war. It was not immediately clear from Trump’s statement on Truth Social which of his make-or-break conditions are already part of a preliminary agreement that U.S. ...
