Good Reads
Gold Wavers Near $5,000 as Traders Assess Geopolitics, Fed Rate
Gold hovered around $5,000 an ounce as traders assessed the latest flareup in geopolitics and the Federal Reserve’s next move on interest rates. President Donald Trump said the US has to “make a meaningful deal” with Iran, adding that the next 10 days will tell whether there will be an accord. Read on »
US copper glut hides refining crunch
The US produces more raw copper than it consumes but lacks the processing capacity to turn it into usable metal, leaving manufacturers dependent on foreign refiners, a new report finds. Benchmark Mineral Intelligence found the US can meet 146% of its domestic copper demand through a combination of mine output and scrap, compared with just 40% for China, the world’s largest consumer. Yet nearly 48% of US mined copper concentrate is exported, largely because of limited domestic smelting and refining capacity. Read on »
US Trade Deficit Unexpectedly Worsens As Exports Slump Again In December
For the second month in a row, US exports declined and imports rose in December, pushing the US trade balance significantly deeper into deficit. Imports rose (+3.6% vs +0.1% MoM exp) and exports fell (-1.7% vs +0.1% MoM exp) for the second month in a row... Read on »
Community News
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