Gold prices, already at all-time highs amid increasing global economic uncertainty, are expected to rise even further, according to experts. Kishore Narne, Director & Head of Commodities at Motilal Oswal Financial Services, sees no upper limit to the precious metal’s price, despite the rapid surge witnessed in recent weeks. The current rally in gold prices […]
Citi forecasts gold surge to $3,500 amid tariff uncertainty, copper and oil prices in focus – CNBC TV18
Gold prices are expected to rise further, with Citi projecting a continued upward trajectory in the coming months. Max Layton, Global Head of Commodities at Citi, said that the key factors supporting the ongoing bull market remain unchanged. Layton said, “In our base case, gold prices are expected to reach $3,200 per ounce over the […]
Copper’s Uber-bull predicts new record on most-profitable-ever trade – CNBC TV18
One of the highest-profile copper bulls is back predicting new price records, as Donald Trump’s threat of tariffs drains global stocks and creates what he sees as unprecedented opportunities for trading profit. Kostas Bintas became one of the best-known metals traders during his years building Trafigura Group’s copper book into the world’s largest, before his […]
Copper prices remain near five-month high after China vows to boost demand – CNBC TV18
Copper rose to the highest in five months after China vowed to revive consumption in the world’s largest consumer of the metal. The government unveiled a special action plan over the weekend aimed at boosting spending by increasing people’s incomes. Consumption in the country grew faster at the start the year, helping offset the impact […]
Copper prices rise as US Dollar impact outweighs tariff nervousness – CNBC TV18
Copper rose as a weakening dollar made commodities cheaper for many buyers, while tariff-induced fears around global growth kept gains in check. The mood in financial markets remained nervous after President Donald Trump kicked off a tariff war and continued to cut spending while shaking up decades-old geopolitical relationships. Tariffs of 25% on all US […]
Metals suffer bruising week on strong dollar, China demand woes – CNBC TV18
Copper is heading for its longest run of weekly losses in more than half a decade, as base metals suffer steep declines on a strong dollar and lingering concerns over Chinese demand. While copper ticked higher on Friday, it has drifted lower since late-September and is poised for its seventh consecutive weekly fall. Prior to […]
Kunal Shah sees buying opportunity in metals after 4-5% price decline – CNBC TV18
As the commodity markets experience a downturn, Kunal Shah, Head of Commodities and Currency Research at Nirmal Bang Commodities, sees a buying opportunity emerging for metals. In an interview with CNBC-TV18, Shah highlighted the potential benefits of purchasing metals amidst a 4-5% price decline. Shah elaborated, “From the China perspective, the fundamentals don’t appear very […]