Ira Epstein discusses the current state of the metals market, noting declines in gold and silver while copper sees a slight increase. He highlights the impact of a strong U.S. jobs report, which added 130,000 new jobs, but points out that revisions for 2025 show a less favorable employment picture. Epstein also covers upcoming economic indicators, including jobless claims and existing home sales, and comments on political developments such as the House of Representatives' move to end tariffs on Canada amid midterm election considerations. Additionally, he addresses geopolitical tensions affecting energy markets and the improbability of the Federal Reserve cutting interest rates soon.
February 12, 2026