Category Markets

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Copper markets in transition

The harmony of copper prices between COMEX and LME copper has not been this unbalanced for a long time. The reason is different inventories in the U.S. and London. The U.S. has far fewer physical inventories of essential metals such…

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Africa struggles with oil production lack of adequate investment

Nigeria and Angola, the largest sub-Saharan oil producers are struggling to ensure future oil production. This is due to a lack of investment as major international corporations change their investment strategies. Prioritization has now changed. International oil companies are looking…

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Precious Metals & Energy – Weekly Review

The U.S. jobs report released on Friday showed that the economy is moving towards recovery. Better than expected was the conclusion underneath. The hope for an early return to the pre-pandemic period was reawakened by the jobs report. Now the…

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Gold market sells-off

“Better than expected,” the U.S. Labor Department reported that nonfarm payrolls rose to 943,000 in July. This number was well above analysts’ estimates of 870,000. This fueled expectations for the Fed’s stimulus package and negatively impacted gold prices, which fell…

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WTI/Brent starts weaker

Oil prices lose ground at the beginning of the week. WTI contracts for delivery in September fell 8 cents. Investors expect oil prices to remain under pressure through the end of this year as crude demand may worsen due to…

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Gold futures down 1%

Comex gold futures dropped 1% (closing on Friday, July 30) as investors decided to take profit after yesterday’s $30 price increase. Gold futures delivery in August fell 1% to close at $1817.20. Even though gold prices are falling, they hit…

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