Copper/EUR

Following July’s pause, the ECB is widely seen resuming its easing path this week. Falling inflation, a strengthening euro and an expected Federal Reserve rate cut next week provide all the scope needed while a still very sluggish economy offers plenty of justification. Although there may be some reluctance on the part of the hawks, most Governing Council ...

For the second month in a row, COMEX active month gold price reached another all-time high of $2,550.60/oz. on August 20, 2024. Cooler than expected CPI and PPI, coupled with the Fed’s announcement that they are ready to begin the rate cut as early as September, helped the gold price to eventually gain 2.2% MoM. Managed money net positions have reached 200K ...