Copper prices hit new highs as global mine supply outlook weakens: Morgan Stanley lowers production growth forecast, with output poised for its first annual decline since 2017
Morgan Stanley has lowered its forecast for global copper mine supply growth to near flat or even negative. The rationale behind copper prices hitting new highs is shifting from short-term inventory restocking to a resonance of tightening supply and rising demand: Chilean output remains under persistent pressure, while expanding demand from data centers and the energy transition further reinforces the tight balance between supply and demand.
This SpaceX Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings
Goldman Sachs Research Analysis: Stronger-than-expected non-farm payrolls dampen rate cut expectations, while gold rallies against the backdrop of rising yields
Goldman Sachs attributes the rise in bond yields to strong nominal growth, fiscal concerns, and the crowding-out effect of AI-related debt issuance.
Stock Index Futures Slide as Middle East Tensions Keep Investors on Edge
Will “Dr. Copper” become more expensive than “Monster Nickel”? The nearly two-century-old iron law of commodities may be broken!
① Since nickel began trading on the London Metal Exchange (LME) in 1987, its price has averaged approximately 2.85 times that of copper. However, in recent weeks, this ratio has plummeted to 1.17, marking the lowest premium between the two metals on record... ② In fact, when calculated based on mine-gate prices, an inversion has already occurred between the two.
Saudi Aramco's Jizan oil facilities attacked again, driving up international oil prices
Saudi Aramco's oil facilities in Jizan came under attack again within less than a month, prompting international oil prices to rise and heightening market concerns over regional energy supplies.
Three major investment banks have uniformly adopted a bullish stance on gold, though their underlying rationales differ in emphasis.
Citi is monitoring the decline in oil prices following the reopening of the Strait of Hormuz, Goldman Sachs emphasizes continued gold purchases by global central banks, and UBS Group believes that rising global fiscal risks are driving demand for gold allocations.
US and Iran exchange attacks on oil tankers! US military claims to have "destroyed" three Iranian oil tankers, while Iran's Islamic Revolutionary Guard Corps reports attacks on multiple oil tankers and US vessels.
US and Iran exchange attacks on oil tankers.
Energy Sector Outperforms in August as Middle East Tensions Boost Oil Prices
Citi: Strait of Hormuz expected to reopen in Q4; short-term gold target price raised to $4,800
Citi regards the resumption of navigation in the Strait of Hormuz in Q4 2026 as its core scenario, anticipating that oil prices may decline rapidly following the reopening, thereby alleviating U.S. inflationary pressures, interest rate burdens, and debt stress. The bank maintains its bullish outlook on gold, expecting that weaker real interest rates and a softer U.S. dollar will further support gold prices. It sets the 0–3 month target price for gold at $4,800 per ounce and projects a price of $5,000 per ounce over the 6–12 month horizon.
If You Invested $1000 In Anglogold Ashanti Stock 5 Years Ago, You Would Have This Much Today
Anglogold Ashanti (NYSE:AU) has outperformed the market over the past 5 years by 36.46% on an annualized basis producing an average annual return of 47.73%. Currently, Anglogold Ashanti has a market
Bessent: Oil prices to fall to $40 after Iran conflict ends, with bond yields declining accordingly
U.S. Treasury Secretary Bessent predicts that the global oil market will face a severe oversupply once the conflict in Iran ends, potentially driving oil prices down to $40–$50 per barrel and leading to a concurrent decline in bond yields and inflation. He noted that the correlation between current oil prices and interest rates has reached a record high.
Citadel Sets Sights on U.S. Shale Oil Assets! Previously Bid for WildFire, Ultimately Outmaneuvered by $4 Billion Deal
Citadel is targeting U.S. shale oil assets and has recently engaged with multiple private equity firms to pursue acquisitions. It had previously bid for WildFire Energy, but the asset was ultimately acquired by Magnolia Oil & Gas for approximately $4.06 billion. This reflects an accelerating trend among hedge funds and commodity traders to build positions in physical energy assets, leveraging production capacity to hedge against oil price volatility and geopolitical risks, while further expanding their physical asset exposure within commodity trading operations.
Crypto and Gold Miners Sell-Off as Hot Jobs Data Cement September Fed Hike
Crypto-linked stocks and gold miners were among the worst performers on Friday after stronger-than-expected August jobs data strengthened the case for a Federal Reserve rate hike this month.• VanEck
Will gold shine again? Societe Generale reinstates bullish stance, Deutsche Bank declares "the cavalry has arrived," and leading asset managers are accelerating position building.
Société Générale has clearly reinstated its long position on gold, arguing that the impact of hawkish policies has been priced in and current downside risks are limited. Deutsche Bank confirms that a turning point for institutional capital has arrived, with hedge funds, asset managers, and banks successively increasing their purchases, although positions remain at low levels. Leading asset management firms such as Amundi, Robeco, and Fidelity have increased their gold holdings during the pullback, while structural factors like central bank gold purchases and de-dollarization provide foundational support for gold prices.
12 Energy Stocks Moving In Thursday's After-Market Session
GainersTMD Energy (AMEX:TMDE) stock increased by 3.6% to $0.72 during Thursday's after-market session. The company's market cap stands at $16.9 million. KNOT Offshore Partners (NYSE:KNOP) stock
Gold bulls gather momentum! Goldman Sachs sets year-end target of $4,900, with central bank demand as key support
① Goldman Sachs Research's latest forecast projects that gold prices will rise to $4,900 per ounce by the end of 2026, driven by robust demand from central banks seeking to diversify their foreign exchange reserves; ② Meanwhile, the firm warns that investors' use of gold derivatives for hedging could exacerbate price volatility.
This Occidental Petroleum Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings
The Rise of Renters in the U.S.: Choosing Equity Markets Over Homeownership
High housing prices and elevated interest rates are compelling high-income young Americans in the U.S. to reassess their financial calculations: the average monthly cost of renting is 35% lower than buying a home. Investing at an annual return rate of 8% over 30 years yields returns comparable to homeownership but with greater liquidity. Harvard data shows that the number of high-income renting households has increased by 1.2 million over the past decade. Surveys indicate that nearly half of Millennials and Gen Z now view renting as a long-term strategic choice.
Seaport Global Initiates Coverage On SM Energy With Sell Rating, Announces Price Target of $35
Seaport Global analyst Vin Lovaglio initiates coverage on SM Energy (NYSE:SM) with a Sell rating and announces Price Target of $35.