Metal Markets Report For Tuesday, Aug 5
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In this video, Ira Epstein discusses the current state of the metal markets, highlighting that gold is performing well, holding at the $3430 level, while silver is near $38 and copper is trading around $440. He notes that the platinum market has given back some ground.
Epstein also touches on the broader financial markets, mentioning a mixed day for stocks following a significant rise on Monday, and observes the dollar's slight decline. He provides insights into upcoming economic reports, such as the Mortgage Bankers Association's data and EIA Petroleum stocks report, and comments on the impact of August vacations on market activity, suggesting reduced trading duration and increased volatility.
Video Length: 00:06:43
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