Copper’s Bull Run Sparks Major Freeport-McMoRan Upgrade as Industrial Demand Accelerates
HSBC’s Strategic Shift on Freeport-McMoRan In a significant move reflecting changing market dynamics, HSBC has upgraded Freeport-McMoRan (FCX) from “hold”…
Tag: Precious metal
Gold Reaches Historic High Amid Trade Tensions and Monetary Policy Shifts
Gold has surged to unprecedented price levels, reportedly fueled by escalating trade tensions and expectations of central bank monetary easing. The precious metal has gained approximately 8% this week alone, with analysts suggesting structural drivers could maintain elevated prices through 2026.
Gold Achieves Record Pricing Milestone
Gold prices have reportedly climbed to historic highs, with market observers pointing to U.S.-China trade frictions and growing expectations for interest rate cuts as primary drivers. According to reports, futures in New York rose 1.9% to $4,281.70 per troy ounce after reaching an intraday peak of $4,283.90, while spot gold increased 1.6% to $4,207.77 per ounce. Sources indicate this represents a weekly gain of nearly 8% for the precious metal.