Saturday May 18, 2024

Gold above $2400, silver above $30, copper hits $5/lb before retreating. AIA Weekly Report 5.18.24

The global PMIs are above 50, which indicates economic growth. Raw material prices are increasing as copper briefly exceeded $5 per pound this week before returning below $5.

Gold is back above $2400, and silver is now playing catch up to gold as it rises above $30.

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