Nearly 70% of exchange copper sits in America and some may be 'stranded': Saxo's Hansen
(Kitco News) - The U.S. consumes only 6% to 7% of the world's copper but now holds close to 70% of visible exchange inventory. Saxo Bank's head of commodity strategy says some of it could stay put.
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U.S. data supports gold prices despite Iran pessimism, silver production soars as bar and coin sales rebound – Heraeus(Kitco News) – Recent economic data is buoying gold prices despite flagging optimism of an Iran deal, while silver production is surging even as bar and coin demand rebounds from last month’s lows, according to precious metals analysts at Heraeus.In their latest update, the analysts noted that gold prices trended steady to slightly higher last week following the prior week’s strong rally.
