Gold above $2400, silver above $30, copper hits $5/lb before retreating. AIA Weekly Report 5.18.24
Released Saturday, 18th May 2024
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Gold above $2400, silver above $30, copper hits $5/lb before retreating. AIA Weekly Report 5.18.24
Gold above $2400, silver above $30, copper hits $5/lb before retreating. AIA Weekly Report 5.18.24
Saturday, 18th May 2024
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The global PMIs are above 50, which indicates economic growth. Raw material prices are increasing as copper briefly exceeded $5 per pound this week before returning below $5.
Gold is back above $2400, and silver is now playing catch up to gold as it rises above $30.
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