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Where JPMorgan's Kaneva Sees Copper, Gold and Oil Headed
Natasha Kaneva, JPMorgan's head of global commodities strategy, discusses the outlook for copper, gold and oil prices on Bloomberg Television. For more market-related news, please see: https://www.bloomberg.com/news/articles/2024-03-12/stock-market-today-dow-s-p-live-updates
Investors see copper as the top asset for 2024, with gold in second place; interest in critical metals cools at BMO's Global Metals, Mining & Critical Minerals Conference
(Kitco News) - Investment sentiment in the commodity space is seeing a slight shift as investors pay more attention to copper and less to battery metals; meanwhile, gold and silver continue to plod along, according to the latest comments from analysts at BMO Capital Markets.The Canadian Bank just wrapped up its 33rd annual Global Metals, Mining & Critical Minerals Conference, and according to attendee surveys, copper was the metal with the most potential for 2024.“We did sense some signs of investor fatigue in waiting for 2024 copper price upside, though most agree that supply-side issues have changed underlying market expectations for this year.
Copper, Gold, Silver: Metal Market Movers
Copper (/HG) prices retreat following last week's rally. Ed Egilinsky looks at metal market movers to monitor.
Gold and copper to get boost from rates coming down, predicts Goldman Sachs
Copper and gold should be the commodities that see the biggest benefit once the US Federal Reserve starts to cut interest rates, according to Goldman Sachs. "The immediate price boost from a Fed driven 100 basis point decline in U.S. 2-year rates is the largest for metals, especially copper (6%), and then gold (3%), followed by oil (3%)," the US bank said in a note.
Gold, Silver, Copper Forecast: 6% Copper, 3% Gold Rise on Fed Cuts – Goldman
Goldman Sachs predicts a 6% rise in copper and 3% in gold prices following Fed rate cuts.
Copper to Reach $9,500 Per Ton
Robert Friedland, Ivanhoe Mines Founder and Executive Co-Chairman, told Katie Greifeld he believes copper will reach $9,500 per ton before eventually dropping. Friedland said this Tuesday morning on "Bloomberg Markets.
Copper could skyrocket over 75% to record highs by 2025 — brace for deficits, analysts say
Copper prices are poised to hit $15,000 on the back of mining supply disruptions amid higher demand for the red metal.
Copper at $15,000-a-Ton Is Needed to Spur New Mines, Says Friedland
Robert Friedland, Ivanhoe Mines Ltd. founder and executive co-chairman, says copper prices need to hit about $15,000 a ton in order to stimulate the industry into building costly new mines.
Copper prices could run as high as $5 per pound in 2024, says Ellis Martin
(Kitco News) - Next year will be a breakout year for copper, said Ellis Martin, founder of The Ellis Martin Report.
'Copper has been brutally pumped'- Hallgarten's Ecclestone
(Kitco News) - The main driver for copper prices to go higher is under-supply and not electrification, said Christopher Ecclestone, mining strategist at Hallgarten + Company.