Catalysts Behind Rally In Gold (/GC) and Copper (/HG)

Any change in the Fed minutes about inflation will be something Michael Zarembski of Charles Schwab is looking for. The job market is another key area to watch, he adds. In addition, the non-farm payroll number from April was a disappointment and the unemployment is still above pre-pandemic levels. He explains that gold (/GC) is starting to creep up due to increasing rates and the weak U.S. Dollar (/DX). Michael is still bullish on copper (/HG) longer-term.

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19 May 2021

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Catalysts Behind Rally In Gold (/GC) and Copper (/HG)

Any change in the Fed minutes about inflation will be something Michael Zarembski of Charles Schwab is looking for. The job market is another key area to watch, he adds. In addition, the non-farm payroll number from April was a disappointment and the unemployment is still above pre-pandemic levels. He explains that gold (/GC) is starting to creep up due to increasing rates and the weak U.S. Dollar (/DX). Michael is still bullish on copper (/HG) longer-term.

Futures

19 May 2021