Ira Epstein covers the current bullish trends in the metal markets, highlighting significant gains in gold, which is up 3% for the week, and silver, which is gaining against gold. He discusses the impact of Treasury Secretary Scott Besant’s comments on financial markets, noting a reversal in stock market trends and a rise in yields. Epstein also touches on geopolitical tensions, particularly involving China and the Strait of Hormuz, and anticipates the U.S. preliminary August manufacturing and service sector PMI data. He observes that while gold and silver are on an upward trajectory, the copper market remains stagnant and oversold.
Read the full article here