Gold and cooper in a boost--Middle East War Crisis
Author: @aljif7
Platform: Steemit
Date: 23 June 2025
Category: Finance-Education
Good Morning World!
This morning is a hot beginning of the week. Asian Markets are opening.
Commodities are on a boost, unfortunately it means the Middle East conflict is going worse.
Post Comment with Disclosure:
Gold prices could see a significant rise as tensions in the Middle East continue to escalate, according to ANZ analyst Daniel Hynes. With geopolitical uncertainty on the rise, gold is once again positioning itself as a go-to safe-haven asset. The ongoing conflict may overshadow concerns about fewer U.S. rate cuts and boost demand for bullion.
Meanwhile, copper—often seen as a barometer of global economic health—is under pressure, reflecting growing worries about the impact of the crisis on growth.
Spot gold is currently up 0.1% at $3,369.92 per troy ounce, while LME 3-month copper is down 0.1% at $9,628 per metric ton.
Disclosure: This commentary is for informational purposes only and should not be considered investment advice. Always do your own research or consult a professional advisor before making financial decisions."
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