Gold, silver, copper rally has just taken a breather — new highs not far off
UBS strategists in a note last week raised their forecasts for gold to $2,500 per ounce by the end of September, and $2,600 by year-end.
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UBS strategists in a note last week raised their forecasts for gold to $2,500 per ounce by the end of September, and $2,600 by year-end.
The three-month copper price on the London Metal Exchange has slumped significantly since hitting an all-time high of $11,104.50 per tonne on Monday, May 20.
Source: Streetwise Reports 05/13/2024
Dutch and British wholesale gas prices rose on Monday morning amid supply concerns due to an upcoming Norwegian maintenance outages and an ongoing outage at Gorgon LNG facility in Australia.
The ASX200 was up 0.4 per cent at midday as traders wait to see if the Reserve Bank reverts to more hawkish language in its latest announcement.