Copper Jul 24 (HG=F)
| Pre. Settlement | N/A |
| Settlement Date | 2024-07-29 |
| Open | 4.9000 |
| Bid | 4.9230 |
| Last Price | 4.8950 |
| Day's Range | 4.8140 - 5.1280 |
| Volume | |
| Ask | 4.9240 |
- Yahoo Finance Video
Copper, gold, oil react to April CPI: Commodities check
Copper futures (HG=F) are in the midst of a short squeeze, making record gains over the past several trading days. Although, copper prices are beginning to slide Wednesday morning. The shortage has caused the precious metal to be rerouted from other regions to the US. Crude oil prices (BZ=F, CL=F) tick down as the International Energy Agency (IEA) lowered its demand growth forecast for this year, citing weaker gas-oil consumption. Lastly, gold (GC=F) has surged after the release of April's CPI data this morning, revealing inflation to have come in-line with annual expectations and giving credence to the theory that the Federal Reserve may move towards cutting interest rates. Yahoo Finance Senior Markets Reporter Jared Blikre joins Morning Brief to break down the latest numbers for these commodities. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Market volatility, gold and copper, bonds: Trading Takeaways
The Dow Jones Industrial Average (^DJI) ends the day and the trading week in the green, red-hot as it blazes a trail in its eight-day winning streak. As the market recovers from a downbeat April, Yahoo Finance Senior Markets Reporter Jared Blikre reviews the biggest patterns emerging in May, including market volatility for equities, the push in metal commodities, and the fortitude of the bond market. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Commodities rally on slip in US dollar value
Investors are closely monitoring the commodity sector, which is experiencing a broad-based rally as the U.S. dollar (DX-Y.NYB) exhibits signs of weakness. Commodities like copper (HG=F) and gold futures (GC=F) are among the notable gainers, capitalizing on the dollar's softening momentum. Yahoo Finance Senior Markets Reporter Jared Blikre breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
