-
Copper is shadowing the hyperscaler stocks - but wait for a dip before buying
Copper has been moving "in tandem" with artificial-intelligence hyperscaler stocks since the start of the year, and prices need to drop as much as 15% for the metal to become attractive again, according to an investment research firm. Not only is copper vital for the expansion of artificial intelligence, but it has actually been "moving in tandem" with hyperscaler stocks since the start of the year, Roukaya Ibrahim, head of commodity and energy strategy at the Montreal-headquartered BCA Capital, said during the company's webcast on Tuesday. Copper prices (HG00) have climbed 12.5% since the start of the year, while ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Fed Chair Kevin Warsh testifies before the Senate Banking Committee.
From kitco.com | 7 hr ago
The gold market continues to struggle to find consistent bullish momentum, but one fund manager noted that the precious metal remains one of the best-performing assets over the past 12 months, with mining equities taking the top spot. Gold prices continue to consolidate above $4,000 an ounce, but in her latest precious metals note, Imaru Casanova, Precious ...
Fed's Cook: It is prudent to wait ‘a bit more time' for inflation to slow, but she is prepared to act if it does not occur 'soon'. Fed's Cook: Since last summer there has been a notable shift in risk towards higher inflation and away from the job market, which appears stable. 
Economic Outlook Thank you, Paul, for that kind introduction. I am honored to speak with you and all who have joined us here today.1 Persistently elevated inflation imposes an unacceptable burden on American families, and it is the Federal Reserve's responsibility to restore price stability. As a monetary policymaker, this challenge is top of mind for me. I am watching both sides of our dual mandate—price stability and maximum employment. However, as I have stated at several points this year, the risks from high inflation concern me more at this time.2 Even though this week's consumer price index and producer price index reports were softer than expected, they still imply that the price index we target rose 3.7 percent in the 12 months through June. That is 1.7 percentage points above our 2 percent target. We have not reached our 2 percent target in more than five years. To contextualize my views on the dual mandate, I would like to give you a broader sense of my economic outlook and discuss recent developments in monetary policy.
Economic Outlook Thank you, Paul, for that kind introduction. I am honored to speak with you and all who have joined us here today.1 Persistently elevated inflation imposes an unacceptable burden on American families, and it is the Federal Reserve's responsibility to restore price stability. As a monetary policymaker, this challenge is top of mind for me. I am watching both sides of our dual mandate—price stability and maximum employment. However, as I have stated at several points this year, the risks from high inflation concern me more at this time.2 Even though this week's consumer price index and producer price index reports were softer than expected, they still imply that the price index we target rose 3.7 percent in the 12 months through June. That is 1.7 percentage points above our 2 percent target. We have not reached our 2 percent target in more than five years. To contextualize my views on the dual mandate, I would like to give you a broader sense of my economic outlook and discuss recent developments in monetary policy.
- Story Stats
- Jul 15, 2:20pm | 1 hr 8 min ago Posted byFundamental Analysis28
- Instrument:
- 8 traders viewing now
