$2,500 gold is in play this week – Forex.com’s James Stanley
(Kitco News) – Gold prices have broken out of a near-term bearish technical pattern and the yellow metal is poised once again to surpass its all-time highs, according to James Stanley, Senior Strategist at Forex.com.
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Gold market continues to see technical selling pressure as U.S. weekly jobless claims fall to 222K
(Kitco News) - Slack continues to build in the U.S. Labor market as the number of American workers applying for first-time unemployment benefits remains at elevated levels. However, the gold market is seeing little reaction to the latest labor market data.
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Cochilco raises 2024, 2025 copper price estimates
The Chilean Copper Commission (Cochilco) on Thursday raised its average copper price estimates for both this year and next.Cochilco now sees average copper prices this year at $4.30 a pound, from $3.85 a pound before. For next year, Cochilco estimates average copper prices around $4.25 a pound, up from $3.90 a pound before.“Although the high price of copper discourages manufacturers from stocking up inventory, demand remains strong,” Cochilco said in a report.