Gold rises and silver penetrates resistance and copper in the circle of anticipation
Gold and silver prices witnessed prominent technical breakthroughs at the beginning of June, indicating fundamental transformations in the path of precious metals, amid a sharp decline in the value of the US dollar and increasing fears of geopolitical and commercial turmoil. Its historical climax in April at $ 3500 an ounce, turning this level into strong support at $ 3325. The structural risks of the US dollar are on the horizon as a result of protectionist policies and political divisions, which leads investors, especially sovereign funds, to reduce their exposure to the principles of dollars, and the shift towards gold to hedge from the risks.
and highlights a crisis "Re -financing" In the American bond market as an additional pressure factor, the US Treasury faces benefits exceeding 9.2 trillion dollars in 2025, in conjunction with an expected deficit of $ 1.9 trillion, according to the estimates of the budget office in Congress. Mediterranean. The American. 91.5. 25% on copper to disturbances in the global supply chain, especially with the escalation of the demand for this mineral in clean energy applications and artificial intelligence. Local shipments in preparation for fees may lead to a global deficiency in the already supply, the monitoring stocks of the global stock exchanges decreased by 196 thousand tons since March. April, amid fears of the decline in Chinese industrial activity, which was reflected in the decline in the industrial purchasing managers index "Kaishin" To 48.3, it is its lowest level since September 2022.
The moves of gold and the last silver reflect the increasing demand for safe assets amid the pressure of the US dollar and the increasing geopolitical tensions. Minerals, with the possibility of the bullish trend of gold and silver in light of the current financial environment.
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