The Commodities Feed: Spot Gold Tops $4,000/oz For First Time
Spot gold extended its rally to top $4,000/oz for the first time this morning, as concerns over the US economy and a government shutdown boost demand for safe havens.
Daily Market Outlook - Wednesday, Oct. 8
Global stock markets took a pause from the relentless advance of record highs as investors became increasingly cautious about inflated valuations and the surge of capital flowing into artificial intelligence.
Repo Fails Are Skyrocketing (Something Big Is Happening)
Repo fails have jumped to more than $320 billion as of the final full week in September, the highest since the very start of January.
Natural Gas Prices Jump Amid Drop In Daily Production
The US natural gas prices jumped more than 2.5% on Tuesday to $3.45/MMBtu, nearing the 11-week high of $3.476 reached on October 1st, amid a drop in daily production.
Copper’s Bull Market Is About To Begin
For those who missed the earliest stages of the gold and silver bull markets, copper appears to be the next metal poised for a major bull run.
Two Trades To Watch: USD/JPY, DAX Forecast - Wednesday, Oct. 8
USD/JPY rises to an 8-month high, ahead of the FOMC minutes. DAX rises to a 3-month high as steel stocks jump.
