Explore Special Offers & White Papers from AFS

Rally in Copper Extends


Gold and silver have backed off from yesterday’s gains as traders have grown cautious ahead of Jerome Powell’s testimony before Congress this week. The dollar was up overnight after making a new low, and this was a bit negative for gold.


Platinum and palladium were both lower overnight, as a stronger dollar and weakness in the stock market pulled support from these metals. They have been garnering strength from expectations of stronger demand once the economic recovery is fully underway.


Copper was able to overcome lukewarm global risk sentiment to climb even further into multi-year high territory overnight, but it has since fallen back into negative territory. The market is seeing historic volatility. On Monday, copper was able to extend its rally despite a pullback in Chinese equity markets that normally would have been a source of pressure.


Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today