What gold, copper futures are telling us about the economy

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Gold Futures News

Copper Prices,Mark Bristow,Barrick Gold

Gold futures (GC=F) have had a record run in 2024, hitting an all-time high in late May. It's been a rally for commodities overall as copper prices (HG=F...

) CEO Mark Bristow comments on the trends in the commodities trade that have been pushing metal prices higher and how it is acting as an economic indicator.

Uh Very interesting run up because uh it's been um the gold price that's moved the, the equities have lagged.And I think it's to your point, people searching for some protection in, in this very mixed up world and, and your point about the central banks buying is important. So, and bring our cost down and that's the game in mining and so higher gold prices are always helpful.Um But I think what we're seeing is uh people worried about the global economy and to your some of your previous um speakers, we've seen uh the economies driven by a select few companies and, and people are worried about that.Uh now you mentioned Mark, it is a mixed up world and you also mentioned copper.

 

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