Copper prices are likely to stabilize in the coming quarters despite a recent surge in the red metal’s value, analysts have predicted.Three-month copper futures on the London Metal Exchange (LME) broke the $6,000-a-ton threshold by the end of June — a far cry from its low of around $4,626.50 at the height of Covid-19 fears
Silver has made significant gains in the past, but has not risen past US$20 per ounce since 2016. Nonetheless, well-known figure Keith Neumeyer, CEO of First Majestic Silver (TSX:FR,NYSE:AG), believes the white metal could reach into the triple digits, an idea he reiterated in an interview at the top of 2020.Neumeyer has voiced this opinion many times, giving the
New York (CNN Business)Gold prices continued their scintillating run Wednesday, rallying yet again to hit an all-time high of above $1,950 an ounce. A new record above $2,000 seems inevitable — and investors can thank stimulus from the Federal Reserve, low bond yields and a weakening US dollar for that. Gold has surged nearly 30% in 2020. Traders have flocked
Gold’s surge to an all-time high is winning over a wider fan base of pension funds, insurance companies and private wealth specialists.Managers who run long-term portfolios worth trillions of dollars are taking interest in gold as they search for returns in a yield-starved investing landscape. The broader array of buyers is one of the key
Investing.com - Gold prices breached $1,900 an ounce the first time in nine years on Friday, topping out a seven-week long rally powered by assurances of more stimulus measures worldwide to fight the coronavirus. U.S. gold futures on New York’s Comex settled up $7.50, or 0.4%, at $1,897.50 per ounce. The session peak was $1,904.10,
Copper prices gained more than 26 percent in the second quarter of the year, rebounding from four year lows hit on the back of the coronavirus pandemic.The second half of the year could see the red metal maintain these levels. Capital Economics is expecting copper to push a little higher in Q3, albeit not as
Potential Acquirer #1: We had one of their managers, in Bolivia a few weeks ago. We went up to the mine and showed him our newly found lens as well as our progress on our improvements to the A-Zone. He appeared to be amazed at our progress and even more amazed at the sight
The third quarter of 2019 was eventful for the gold sector, with two interest rate cuts from the US Federal Reserve, a price rally and subsequent pullback and lots of speculation.The yellow metal started Q3 trading at US$1,383.70 per ounce and trended higher for the majority of July. As of August 1, gold was at
Copper has had a turbulent third quarter, with prices heating up during July only to fall dramatically by September. Copper production also struggled, as both US and Chinese manufacturers reported lower-than-projected numbers. With no end in view for US-China trade talks, analysts are forecasting that copper prices will remain shaky as the two powerhouses face off
Unlike Q2, which was relatively slow for silver, Q3 brought major moves from gold’s sister metal, spurred on in part by two US Federal Reserve interest rate cuts. The precious metal, which was also driven by gold’s gains, started the three month period selling for US$15.11 an ounce and spent much of July trending higher. The August story was similar, with