COMEX - Delayed Quote USD

Copper Jul 24 (HG=F)

5.0825

+0.2055

(+4.21%)

As of May 17 at 4:59 PM EDT. Market Open.

Dow Jones crosses 40,000, commodities demand rises: Market Domination Overtime

On today's episode of Market Domination Overtime, Yahoo Finance hosts Julie Hyman and Josh Lipton break down the market close and the day's biggest stories. The Dow Jones (^DJI) closed higher for the fifth week straight, at a record 40,000. Meanwhile, the Nasdaq Composite (^IXIC) dipped 0.07% and the S&P 500 (^GSPC) held above its 5,300 benchmark. Hennessy Funds CIO and Portfolio Manager Ryan Kelley and RBC Capital Markets US Economist Michael Reid break down what the Dow Jones record could signal for the overall economy as interest rates remain relatively high. Commodities like Copper (HG=F) and Silver (SI=F) have reached new heights as demand increases. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone gives key insights into the surge of metals and how China plays a critical role. Outgoing Boeing (BA) CEO Dave Calhoun will remain on the company’s board following a shareholder vote. Boeing will seek a new CEO to help the company recover from the two fatal 737 MAX crashes and the detached fuselage on an Alaska Airlines flight. The company is also facing potential prosecution from the Justice Department for violating an agreement reached to avoid criminal charges over the 737 MAX crashes. Finally, Julie Hyman and Josh Lipton break down what investors should watch next week, from Nvidia (NVDA) earnings to the Federal Reserve's May FOMC minutes. This post was written by Melanie Riehl

Yahoo Finance Video yesterday

HG=F
+4.21%
^DJI

^GSPC
The story behind the surge in silver, copper, and gold

Copper (HG=F) and Silver (SI=F) have both risen to new highs as demand increases for these metals, while Gold (GC=F) also rises as China's Ministry of Finance proceeds with a stimulus plan involving the sale of $138 billion worth of ultra-long special sovereign bonds. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone joins Market Domination Overtime to give insight into metals and how the markets might trade moving forward. McGlone elaborates on what could happen with silver as China looks to buy many precious metals: "There's potential rumors that, we know China has been the biggest buyer of gold, not just Chinese Central Bank, but citizens. There may be some hoarding of silver, but the key thing I'm more worried about silver is that it might follow that path, that autocorrelation path in copper which spikes and then goes back down. In the macro, the big picture, though, I'm very favorable in terms of commodities, most favorable to metals versus most other commodities. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino

Yahoo Finance Video yesterday

HG=F
+4.21%
SI=F

GC=F
Copper prices rise amid supply squeeze

Copper (HG=F) prices have risen this year amid a supply squeeze. Wells Fargo Head of Real Asset Strategy John LaForge joins The Morning Brief to discuss what is driving copper prices higher and the commodity's outlook. "We, frankly, are not producing enough copper, and yet, there are buyers everywhere right now for copper," LaForge says. However, he explains that the recent rise "was much more speculator-based and wasn't about fundamentals." He adds that commodities have been among the "best-performing major assets out there" since the coronavirus pandemic despite often being overlooked. "Decade after decade, mankind uses more and more commodities, so you have demand going up all the time," he explains. Major factors that impact commodities usually boil down to underlying fundamentals rather than geopolitical roadblocks, LaForge notes. "We were running dry on refined product. And you had some speculators come in and take advantage of that on a futures basis," LaForge says. He adds that despite this bump in the road, demand will continue to surpass supply, driving prices higher. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

Yahoo Finance Video yesterday

HG=F
+4.21%
Copper, gold, oil react to April CPI: Commodities check

Copper futures (HG=F) are in the midst of a short squeeze, making record gains over the past several trading days. Although, copper prices are beginning to slide Wednesday morning. The shortage has caused the precious metal to be rerouted from other regions to the US. Crude oil prices (BZ=F, CL=F) tick down as the International Energy Agency (IEA) lowered its demand growth forecast for this year, citing weaker gas-oil consumption. Lastly, gold (GC=F) has surged after the release of April's CPI data this morning, revealing inflation to have come in-line with annual expectations and giving credence to the theory that the Federal Reserve may move towards cutting interest rates. Yahoo Finance Senior Markets Reporter Jared Blikre joins Morning Brief to break down the latest numbers for these commodities. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

Yahoo Finance Video 3 days ago

HG=F
+4.21%
BZ=F

CL=F
Market volatility, gold and copper, bonds: Trading Takeaways

The Dow Jones Industrial Average (^DJI) ends the day and the trading week in the green, red-hot as it blazes a trail in its eight-day winning streak. As the market recovers from a downbeat April, Yahoo Finance Senior Markets Reporter Jared Blikre reviews the biggest patterns emerging in May, including market volatility for equities, the push in metal commodities, and the fortitude of the bond market. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 8 days ago

^GSPC

GLD

HG=F
+4.21%
Commodities rally on slip in US dollar value

Investors are closely monitoring the commodity sector, which is experiencing a broad-based rally as the U.S. dollar (DX-Y.NYB) exhibits signs of weakness. Commodities like copper (HG=F) and gold futures (GC=F) are among the notable gainers, capitalizing on the dollar's softening momentum. Yahoo Finance Senior Markets Reporter Jared Blikre breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Yahoo Finance Video 15 days ago

CL=F

HG=F
+4.21%
BZ=F
Apple, Novo Nordisk earnings, jobless claims: What to watch

A number of companies release their quarterly earning reports on Thursday, including Apple (AAPL), Novo Nordisk (NVO), Shell (SHEL), ConocoPhillips (COP), Cigna (CI), Coinbase (COIN), Moderna (MRNA), DraftKings (DKNG), Kellanova (K), United States Steel (X), and more. On the economic front, jobless claims for the week ending on April 27 will be released. Economists expect claims to rise to 212,000 from 207,000 the prior week. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino

Yahoo Finance Video 17 days ago

CI

HG=F
+4.21%
AAPL
Barrick Gold stock falls after missing production estimates

Shares of mining company Barrick Gold (GOLD) are dropping after its production figures fall below estimates, including for a commodity like gold (GC=F) as prices for the precious metal soar. Yahoo Finance monitors the movement in Barrick Gold Corporation's stock. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

Yahoo Finance Video last month

HG=F
+4.21%
GC=F

GOLD
Powell's speech, commodities on the rise: Top takeaways

Inflation data, in all its forms, has been under a microscope as the Federal Reserve has made it clear that it wants more data to inform its next decision on interest rates. Fed Chair Jerome Powell made a speech on Wednesday reiterating the point that it relies on inflation data, that inflation is on a "bumpy" path to the target goal, and that an interest rate cut is likely to happen within the year. Commodities have been on the rise as inflation remains and supply issues have boosted prices for commodities like golld (CC=F), while the energy sector continues to perform poorly in the long term, but may have room to grow Yahoo Finance Reporter Josh Schafer joins Market Domination Overtime to break down the top takeaways from the trading day for April 3. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Nicholas Jacobino

Yahoo Finance Video last month

XLI

HG=F
+4.21%
XLE
Energy stocks lead March gains in sign of broadening market rally

Energy stocks are the biggest winners this month as oil prices push higher. It's a sign the market rally is broadening beyond just Big Tech.

Yahoo Finance last month

CL=F

TSLA

CVX
Copper deficit drives price rally, mining stocks benefit

Copper prices (HG=F) have soared to an 11-month high, fueling a rally in mining stocks. RBC Capital Markets Mining Analyst Sam Crittenden joins Yahoo Finance Live to discuss his bullish outlook on the precious metal. According to Crittenden, the copper rally "has been expected for a few months now." He highlights that supply disruptions during the fourth quarter of 2023 transformed what was anticipated to be a surplus in 2024 into a deficit, which has "driven these higher prices." While sluggish demand from regions like China has been a concern, he notes that as the summer construction season approaches, typically a "strong period," demand concerns could potentially abate, driving copper prices even higher. However, Crittenden explains that the energy transition stands to be the biggest driver of copper demand going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

Yahoo Finance Video last month

TCKRF

TECK

IVPAF
Commodities on a run: How to play Crude Oil

Commodities are on a run with Cocoa Futures (CC=F) topping $8,000 per metric ton and Copper Futures (HG=F) hitting its highest level in almost a year. Oil prices (BZ=F, CL=F) have also been rising this week, at one point topping over $80 per barrel. Path Trading Partners Co-Founder Bob Iaccino and Blue Line Futures Chief Market Strategist Phillip Streible join Yahoo Finance to discuss how investors should position themselves within the commodity sector. Streible states that oil's rise is a simple function of supply and demand, highlighting a few demand-side drivers: "Resiliency of the US economy has helped to support demand. We've got driving season right here. Any kind of interest rate cut could really be a tailwind for the crude oil market. If you get some of this loan, some of this debt burden behind us with lower interest rates, people are gonna have more money to spend and they're probably going to do it the easiest way, which is travel. So we are starting to see 2024 demand increasing. And we could see upward revisions in '25 and 2026."  Investors may look to the futures market or to ETFs to join the oil rally, Iaccino explains: "I always advise people the thing that's 100% correlated to crude oil is crude oil. So the best place...to play that out is WTI crude (MCL=F), that's my favorite. But, for the average investor, you can look at USO, that's one of the ETFs people generally default to." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Yahoo Finance Video 2 months ago

CL=F

HG=F
+4.21%
CC=F
Copper prices hit 11-month high

Copper prices (HG=F) are at an 11-month high and are up more than 6% year-to-date. A big reason for the move is tightening supply. Yahoo Finance's Ines Ferré discusses the price action in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.

Yahoo Finance Video 2 months ago

HG=F
+4.21%
EMERGING MARKETS-Latam stocks advance, weak copper prices drag currencies of Chile, Peru

* Brazil's inflation well below expectations * Brazil's Gol files for U.S. bankruptcy * Chile central bank to cut rates by 100bps next week- poll * Latam stocks up 0.5%, FX up 0.1% By Amruta Khandekar Jan 26 (Reuters) - Most Latin American stocks gained on Friday as data pointing to a downward trend in U.S. inflation helped sentiment towards riskier assets while lower copper prices weighed on the currencies of Chile and Peru. MSCI's index for Latin American stocks rose 0.5% by 1507 GMT and was set for its first weekly gain in four. A gauge of currencies edged up 0.1%, on track for a marginal weekly advance.

Reuters 3 months ago

HG=F
+4.21%
^BVSP

^MXX
These Are the 4 Best Silver Coin Types To Buy in Order To Turn a Profit

Silver coins are highly prized by dealers and collectors -- not just because of their silver content, but also because they tend to be scarcer than coins minted with copper, nickel, zinc and other...

GOBankingRates 3 months ago

GC=F

ZG=F

HG=F
+4.21%
Gold prices struggle before inflation, Fed cues; copper set for strong week

Investing.com-- Gold prices kept to a tight range on Friday and were headed for a second straight week in red as anticipation of more cues on U.S. interest rates kept traders skittish, with key inflation data and a Federal Reserve meeting now in focus.

Investing.com 3 months ago

HG=F
+4.21%
GC=F

ZG=F
Crypto for Advisors: Unlocking Crypto Custody

As a financial advisor, it is crucial to understand that there is no one-size-fits-all approach to crypto custody. Instead, the most suitable solution depends on your client’s specific needs, goals, and risk appetite.

CoinDesk 3 months ago

HG=F
+4.21%
Blinken hails progress in construction of Angola's Lobito rail corridor

U.S. Secretary of State Antony Blinken hailed progress in the construction of the Lobito Corridor, a rail link key to metals exports from the central African Copperbelt, during a visit to Angola on Thursday. The United States has been supporting the project that links resource-rich Democratic Republic of Congo (DRC) and Zambia to the port of Lobito in Angola to bypass logistics bottlenecks in South Africa that have held up exports of copper and cobalt.

Reuters 3 months ago

HG=F
+4.21%
Freeport-McMoRan Inc. (NYSE:FCX) Q4 2023 Earnings Call Transcript

Freeport-McMoRan Inc. (NYSE:FCX) Q4 2023 Earnings Call Transcript January 24, 2024 Freeport-McMoRan Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Freeport-McMoRan Fourth Quarter Conference Call. At this time, […]

Insider Monkey 3 months ago

GC=F

ZG=F

HG=F
+4.21%
2024 Looks Promising for Eldorado Gold

The company had a strong performance this quarter, especially at the Lamaque Mine delivering record production

GuruFocus.com 3 months ago

EGO

GC=F

ZG=F

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Copper Jul 24 (HG=F)

Dow Jones crosses 40,000, commodities demand rises: Market Domination Overtime

The story behind the surge in silver, copper, and gold

Copper prices rise amid supply squeeze

Copper, gold, oil react to April CPI: Commodities check

Market volatility, gold and copper, bonds: Trading Takeaways

Commodities rally on slip in US dollar value

Apple, Novo Nordisk earnings, jobless claims: What to watch

Barrick Gold stock falls after missing production estimates

Powell's speech, commodities on the rise: Top takeaways

Energy stocks lead March gains in sign of broadening market rally

Copper deficit drives price rally, mining stocks benefit

Commodities on a run: How to play Crude Oil

Copper prices hit 11-month high

EMERGING MARKETS-Latam stocks advance, weak copper prices drag currencies of Chile, Peru

These Are the 4 Best Silver Coin Types To Buy in Order To Turn a Profit

Gold prices struggle before inflation, Fed cues; copper set for strong week

Crypto for Advisors: Unlocking Crypto Custody

Blinken hails progress in construction of Angola's Lobito rail corridor

Freeport-McMoRan Inc. (NYSE:FCX) Q4 2023 Earnings Call Transcript

2024 Looks Promising for Eldorado Gold