View: Source Gold prices surged to fresh record highs Tuesday morning on safe-haven buying amid escalating US-Venezuela tensions, and somewhat fading possibility of any quick end to the Russia-Ukraine war. A weak dollar contributed as well to the yellow metal’s rise. Investors are also digesting the latest batch of U.S. economic data, including the third-quarter GDP report, and the durable goods …
Continue ReadingView: Source Copper jumps past $12,000 as US tariff fears and supply disruptions fuel the strongest rally since 2009. Mine outages and a rush of shipments to the US tighten global copper supplies despite weak China demand. Banks warn of market deficits, with bullish forecasts persisting even as skeptics flag demand risks. Copper prices have climbed to a fresh all-time high …
Continue ReadingView: Source China’s exports of permanent magnets to the EU rose by 59.5% year-on-year in November, reaching 2,568.8 tonnes, after Beijing began issuing general licenses for their supply. At the same time, exports to the US decreased by 8.84%, while total global exports increased by 28.29%. Exports of permanent magnets from China to the European Union surged in November, as Beijing …
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