Copper Vulnerable on AI Skepticism & Growth Scare
The non-ferrous metal runs its third losing month, as fears of an AI bubble and US recession have extrapolated the post-record highs decline
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The non-ferrous metal runs its third losing month, as fears of an AI bubble and US recession have extrapolated the post-record highs decline
Demand fears prevailed over geopolitics following the soft US jobs report that led to a growth scare and market rout
Risks of a wider conflict in the Middle East are not enough to lift USOil, as demand fears persist following recent poor data from China
XAU/USD regains its footing after the pullback from its record peak on prospects of Fed cuts, ahead of Friday’s PCE inflation report
The barrage of rate cuts in China – a key consumer and producer – did not impress market and prices of the commodity continue their decline
After a four-week profitable streak, USOil faces headwinds as consumption concerns resurface and IEA reiterates view for a substantial slowdown in demand growth
Copper prices pulled back sharply form the May record peak, but rebound over the past several days and fundamentals remain supportive
USOil runs its fourth straight profitable week and reached the highest levels in nearly three months, boosted by tightening fundamentals
NGAS has formed a Golden Cross formation that paints an upbeat technical outlook, which adds to the favorable fundamentals
There is a strong correlation between oil prices and the performance of the US economy, with rising crude oil prices pushing up core inflation indicators.
Copper is one of the most widely used metals in the world due to its high conductivity and its malleability.
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