-
August Copper futures rallied on global de-escalation reports
Bob Iaccino breaks down the dramatic price action in August Copper futures, which experienced an outside range day. After initially gapping lower to 6.183 and dropping 1.52%, the market saw a strong afternoon rally, pushing prices up 1.98% to reach 6.3910. This reversal was largely driven by geopolitical developments, as the administration canceled planned strikes on Iran following coordinated talks in Doha. Iaccino explains how this de-escalation impacts the industrial metals complex by addressing two key variables: rate hike expectations and conflict uncertainty. A potential Hormuz reopening could remove the energy ...
- Comments / Top
- Subscribe
-
- Older Stories
From @RedboxWire|5 hr ago|19 commentsTRUMP DECLARES U.S. HAS SETTLED WITH IRAN, SAYING DEAL IS PRETTY MUCH COMPLETE AND THE US GOT EVERYTHING IT WANTED.
From kitco.com|6 hr agoSpot gold and silver prices were sharply higher late Thursday, as safe-haven demand tied to U.S.-Iran risk met a late-session pullback in crude oil after fresh deal signals. At ...
From yahoo.com|7 hr agoA 79-year-old Michigan widow was told her Social Security number had been tied to terrorism, drug activity, and money laundering. The caller said she needed to move her savings ...
-
- Newer Stories
From msn.com|5 hr agoNew Trump-designed UFC Freedom 250 collectible gold and silver coins are now on sale as the highly anticipated UFC event on the White House grounds approaches. The commemorative ...
From channelnewsasia.com|4 hr agoThongkham Inprom has been farming for more than six decades, growing jasmine rice and sticky rice in Chiang Rai. The 71-year-old harvests about 60 tonnes each year and keeps 1 per ...
From thegoldforecast.com|3 hr agoGold futures opened Thursday’s session in a state of near-complete inertia. For the first eight hours of trading, price action was essentially flat, printing two consecutive doji ...
- Story Stats
- Jun 11, 5:51pm | 5 hr ago Posted byFundamental Analysis44
- Instruments:
