Weak dollar drives gold over $5,500 an ounce for first time, amid geopolitical and debasement fears – business live
Rolling coverage of the latest economic and financial newsThe weak dollar has helped to drive the copper price to a record high today too.The benchmark three-month copper on the London Metal Exchange jumped almost 8% to a new all-time peak of $14,125 a tonne, before slipping back slightly.Investors are piling into base metals on the Shanghai Futures Exchange on expectations for stronger US growth and more spending on data centers, robotics and power infrastructure. That’s spurring global prices higher.Inflation is close to the target of 2 percent.The Swedish economy is growing at a solid pace. The labour market is weak but showing signs of improvement. Continue reading...
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Rolling coverage of the latest economic and financial news
The weak dollar has helped to drive the copper price to a record high today too.
The benchmark three-month copper on the London Metal Exchange jumped almost 8% to a new all-time peak of $14,125 a tonne, before slipping back slightly.
Investors are piling into base metals on the Shanghai Futures Exchange on expectations for stronger US growth and more spending on data centers, robotics and power infrastructure. That’s spurring global prices higher.
Inflation is close to the target of 2 percent.
The Swedish economy is growing at a solid pace. The labour market is weak but showing signs of improvement.
Continue reading...
