Ira Epstein discusses the current state of the metal markets, highlighting copper as the strongest performer while gold shows signs of revival and silver struggles to maintain its position. He covers geopolitical tensions, particularly the ongoing conflict involving Iran and the U.S., which has implications for oil prices and global trade routes like the Strait of Hormuz. Additionally, Epstein touches on upcoming economic indicators, including jobless claims, retail sales, and housing market data, and analyzes the technical aspects of the gold market, noting its bearish trend and potential for forming a bottom.
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