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Rally Is Now Entering Resistance Points in Many Metals

Ira Epstein covers recent developments in the metal markets, focusing on geopolitical events and their impact on financial markets. He discusses the implications of recent talks between the U.S. and Iran, highlighting the potential for renewed uranium enrichment agreements and the effect on stock market highs and metal prices. Epstein also notes the unexpected inflation data, with the Producer Price Index rising at half the expected rate, and the potential for a U.S. interest rate cut as indicated by the CME FedWatch page. Additionally, he previews upcoming economic reports, such as the Mortgage Bankers Association number and the New York Empire State Manufacturing Survey, which could influence market dynamics further.

 

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