⛏ Gold hits one-week high after U.S. strikes in Venezuela

Maduro is Gone. Is that Good News? Not if you are long oil.
Let me give you a quick take on the events unfolding in Venezuela. Given oil is part of my circle of competence, as most of you know well, I will keep this short, sharp, and open (no paywall) for all to read. If you enjoy my take, please re-post it. Read on »

Gold hits one-week high after U.S. strikes in Venezuela
Gold rose to a one-week high and nearer its record peak on Monday as safe-haven demand spurred by U.S. strikes in Venezuela added to bullion’s appeal, already fuelled by geopolitical tensions and rate cut bets. Read on »

Copper Hits Record $13,000 as US Import Rush Fires Up Bulls
Copper resumed its scorching rally to surpass $13,000 a ton for the first time, as a renewed rush to ship metal to the US fired up bullish traders and investors. Benchmark prices on the London Metal Exchange surged as much as 4.7% on Monday, the latest in a series of leaps higher that have lifted copper about 20% since mid-November. Read on »