Metal Markets Report For Tuesday, June 24
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In this video, Ira Epstein discusses recent geopolitical events, including the bombing and subsequent ceasefire between Iran and other parties, and their impact on metal markets. He explains how the temporary resolution of conflict has led to a correction in gold prices due to the removal of war premiums.
Epstein also touches on factors like industrial growth and inflation that could influence future metal prices.
Additionally, he highlights upcoming economic data releases and Fed Chair Powell's testimony, emphasizing the potential for interest rate cuts if necessary.
Lastly, he notes the significant drop in crude oil prices and the current oversupply concerns in the oil market.
Video Length: 00:10:59
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