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Gold extends losses as rising Oil prices reinforce Fed rate hike bets

Gold (XAU/USD) drifts lower on Tuesday as rising Oil prices linked to tensions in the Middle East keep global inflation risks tilted to the upside, reinforcing expectations that interest rates will remain higher for longer.

Gold extends losses as rising Oil prices reinforce Fed rate hike bets

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Copper Needs $332 Billion in New Mines to Avoid Deficit, BloombergNEF Says

While nine out of ten key energy transition metals are back on track to deliver sufficient supply by 2050, a total of $332 billion of investment is needed in new copper mines to avoid a looming copper…

  • $332 billion investment needed in new copper mines by 2050
  • Global copper demand to rise 61% between 2026 and 2050
  • Supply shortfall could reach 20 million metric tons by 2050

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