News Highs in Interest Rates Not Good for Metals

News Highs in Interest Rates Not Good for Metals

Ira Epstein discusses the current state of the metal markets, noting that metals are struggling to hold their ground amidst declining stock markets. He highlights copper as performing relatively well, while gold faces pressure partly due to geopolitical tensions. Epstein also touches on rising bond yields and their correlation with oil prices, and he mentions the dollar’s movement back over the 101 level. Additionally, he provides insights into upcoming economic indicators such as durable goods orders and consumer sentiment indices. Epstein briefly addresses concerns about artificial intelligence and its potential risks, drawing a parallel to the movie “War Games.”

 

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