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Metals: Pause in US Iran War as Presidents Xi and Trump Meet

Ira Epstein discusses the metal markets in his wrap-up, focusing on upcoming economic data releases such as jobless claims, retail sales, and import-export prices, all of which are anticipated to provide insights into inflation and economic conditions. He highlights ongoing geopolitical events, including meetings between Presidents Xi and Trump, emphasizing that significant breakthroughs are unlikely at this stage, with more critical issues like Taiwan and rare earths to be addressed in future meetings. Epstein also analyzes gold market trends, noting that while the trend shows higher lows and highs, the market remains stagnant with overbought momentum. Additionally, he touches on potential peace talks between Ukraine and Russia and mentions Iran's willingness to negotiate on enriched uranium.

 

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