Ira Epstein discusses the current state of the metals market, highlighting concerns about gold’s loss of upside momentum despite a recent price increase.
He notes that silver remains stronger than gold, with the gold-silver ratio expanding. Epstein also covers copper market challenges, including reduced production at major mines in Indonesia and Chile.
He mentions the impact of a strong U.S. dollar and anticipates upcoming economic indicators such as personal income data and consumer sentiment figures. Additionally, Epstein observes a strong labor market and GDP, which may influence Federal Reserve decisions on interest rates.
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