Ira Epstein discusses the current state of the metal markets, noting a resurgence in metal prices, particularly in copper, silver, and gold. He highlights the impact of potential tariff changes on copper prices and observes that silver is showing stronger performance compared to gold. Epstein also mentions upcoming economic indicators such as the Mortgage Bankers Association indices and the U.S. preliminary September manufacturing and service sector PMIs, which are crucial for assessing inflation trends. Additionally, he touches on geopolitical factors, including U.S.-Iran relations and their potential influence on oil prices, while providing technical analysis on gold’s price movements and resistance levels.
Read the full article here