Copper and silver futures in New York surged above international benchmarks as traders ramped up bets that Trump would impose steep import tariffs on the two metals. COMEX front-month silver futures on the New York Mercantile Exchange traded at a premium of more than $0.80 an ounce to spot silver prices in London on Thursday, near their December peak. COMEX front-month copper also traded at a premium of $623 a tonne to LME copper for the same period, close to the record during the historic short...
Detailing the fundamentals of the crude oil market, the real reason for the disconnect between oil prices and inventory data is that non-agricultural precious metal prices continue to fluctuate, and the golden week has suffered three sell-offs.