US WEBCAST – Copper continues push higher on strong US GDP

  • Copper prices continued the latest rally Friday morning after positive US GDP data showed the world’s largest economy was expanding at a heathy clip.
  • In response, the red metal has pushed higher on hopes for additional demand and hit a two-week high in recent trading sessions.
  • For precious metals, gold has traded within a fixed range with investors squarely focused on the Federal Reserve and upcoming presidential election.
  • Next week investors worldwide will converge in London for the annual LME week, which should give an indication how market participants see the next year going for the commodities industry.