AI selloff kneecaps copper and the world's largest gold deposit gets a critical permit
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Copper futures dropped 3% during the week ending the week at $4.11. On Sunday mining audiences manager recorded Kitco Roundtable. Bloomberg noted that the metal was at its lowest level since April, adding that pessimism about China's prospects, and a heavy selloff in global technology stocks hurt the metal. A big AI buildout, which would require lots of copper for the data centers, became less certain. On Friday Seabridge Gold (TSX: SEA) announced that it had received its...
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Financial markets ended the week on strong footing as stocks, gold, and Bitcoin all trended higher, with the S&P besting its previous all-time high by a hair, while gold bulls stampeded their way above $2,700/oz for the first time in history.On Saturday mining audiences manager Michael McCrae...
Published 10/19/24
Copper prices were down 1.7% for the week, but a weekend press conference by China's finance ministry could provide the metal with a lift. On Friday mining audiences manager Michael McCrae recorded Kitco Roundtable. China’s finance ministry holds a Saturday press conference to announce policies...
Published 10/12/24
Published 10/12/24