Michael Burry Shifts Focus From AI Stocks to Copper Market
Copper hit a record after Michael Burry named a miner as his AI bet, citing a long mine-development gap.
Copper hit a record after Michael Burry named a miner as his AI bet, citing a long mine-development gap.
Oil's slide paused after Trump dampened hopes for an early resolution to the US-Iran conflict.
Gold traded near $4,360 an ounce as conflicting signals from oil price declines and central bank rate hikes kept the metal rangebound.
US and Iranian delegates completed a round of indirect UN talks, Witkoff said, as oil prices slipped on the diplomatic progress and improving supply.
Oil prices fell as Saudi supply resumed and US-Iran talks progressed, but Trump's post-midterms timeline for a deal capped losses.
Gold trades in a range as moving averages near $4,330-$4,344 offer key clues to the next move.
Oil declined as Saudi Arabia restarted its East-West pipeline. The dollar surrendered early gains, while stock futures pointed higher.
Oil prices fell as Iran proposed reopening Hormuz and Saudi Arabia prepared to resume exports, though Fars denied the Iran report.
Saudi Arabia is set to resume crude exports from Yanbu after repairing the East-West pipeline, easing supply fears and pushing oil prices lower.
Silver stays supported as Iran offers to reopen Strait of Hormuz, easing oil prices and rate hike fears.
Brent crude trades near $100 as markets await US-Iran talks. The piece examines what a sustained break below $100 could mean for markets.
Oil prices fell as de-escalation hopes rose with Gulf leaders urging a reset with Iran, and US constraints grew. Technicals show support near $93.
Gold fell back toward $4,330 as technical levels around $4,300-$4,330 become key support. The rebound from last week is being tested.
Victoria will require new data centres to self-source renewable energy, ban drinking water for cooling, and mandate a 150-metre buffer from homes.
Yemen's president asked Trump for military aid, but no pledge was made; oil fell $3.38 to $92.77 on diplomatic hopes.