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Gold steadies, copper and silver rally ahead of key Chinese data
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In today's Mining Minute, Shae Russell breaks down the latest movements in the commodities market.
While gold holds steady at $2,500 per ounce, both silver and copper saw gains overnight, with silver rallying 1.4% and copper rising nearly 2%.
What could the next batch of Chinese trade data reveal, and how might it impact base metals?
Grab your coffee and tune in to get the latest market insights!
Key topics discussed:
Gold remains range-bound at $2,500/oz
Silver rallies 1.4%, finishing at $28.30/oz
Copper increases 2% to $4.80/lb
Declining metal stockpiles in China and their impact
Brent oil's slight increase, but 2025 forecast cut by Morgan Stanley
S&P ASX 300 welcomes Spartan Resources and WA1 Resources
Anticipated impact of Chinese trade data on base metals
Stay updated with tomorrow’s breakdown of the Chinese trade data release!
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*Disclaimer*:
The information we have provided you is purely factual in nature and does not take account of your personal objectives, situation or needs.
The information is objectively ascertainable and, therefore, does not hold and are not authorised under an AFSL to provide financial product advice. If you require personal advice you should consult an appropriately licensed or authorised financial adviser.
Mayfair Media Operations Pty Ltd and affiliated companies accept no responsibility for any claim, loss or damage as a result of information provided or its accuracy.
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While gold holds steady at $2,500 per ounce, both silver and copper saw gains overnight, with silver rallying 1.4% and copper rising nearly 2%.
What could the next batch of Chinese trade data reveal, and how might it impact base metals?
Grab your coffee and tune in to get the latest market insights!
Key topics discussed:
Gold remains range-bound at $2,500/oz
Silver rallies 1.4%, finishing at $28.30/oz
Copper increases 2% to $4.80/lb
Declining metal stockpiles in China and their impact
Brent oil's slight increase, but 2025 forecast cut by Morgan Stanley
S&P ASX 300 welcomes Spartan Resources and WA1 Resources
Anticipated impact of Chinese trade data on base metals
Stay updated with tomorrow’s breakdown of the Chinese trade data release!
==========
*Disclaimer*:
The information we have provided you is purely factual in nature and does not take account of your personal objectives, situation or needs.
The information is objectively ascertainable and, therefore, does not hold and are not authorised under an AFSL to provide financial product advice. If you require personal advice you should consult an appropriately licensed or authorised financial adviser.
Mayfair Media Operations Pty Ltd and affiliated companies accept no responsibility for any claim, loss or damage as a result of information provided or its accuracy.
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