Good Reads
Gold inches lower as investors show caution ahead of FOMC meeting
Spot gold was down 0.1% at $4,191.44 per ounce. U.S. gold futures for February delivery slipped 0.5% to $4,220.70 per ounce. “The market is waiting for the Fed decision and for more guidance on policy,” said Peter Grant, vice president and senior metals strategist at Zaner Metals. Read on »
Asian Funds Dominate as ETFs Add Gold for Sixth Straight Month
Gold ETFs globally reported net inflows of gold for the sixth straight month, driven by a strong surge in Asian investment. Globally, gold-backed funds reported a 38.5-tonne increase in gold holdings. The pace of metal inflows moderated from the torrid pace of the last two months but remained well above the 2024 monthly average. In fact, gold ETFs are on pace for their strongest year on record. Read on »
Goldman Sachs Research calls copper its favorite industrial metal for 2026
Analyst Aurelia Waltham said copper’s appeal is driven by “constrained mine supply growth and structural demand growth from grid & power infrastructure,” a combination that shifts the market “towards balanced in 2026, from oversupplied in 2025.” After a broad rally in metals this year, including copper’s all-time high above $11,200 per tonne, Waltham argued that the setup for next year is increasingly divergent across the complex. Read on »
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