Metal Markets Report For Wednesday, July 1

Metal markets see mixed results as Fed Chair Kevin Warsh reduces forward guidance amid escalating geopolitical tensions. Markets now eye upcoming payroll data and a forecast decline in factory orders to gauge economic momentum.

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Source: DepositPhotos

Ira Epstein discusses the latest developments in the metal markets and broader economic indicators as of July 1, 2026. He highlights Federal Reserve Chair Kevin Warsh's decision to limit forward guidance and public appearances, while also touching on geopolitical tensions in the Middle East that are affecting energy prices.

Epstein notes the mixed performance in the metals market and stock indices, and he previews upcoming economic data releases, including jobless claims and payroll numbers, and anticipates a decline in factory orders for May.

Video Length: 00:07:18

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