US WEBCAST – Copper, gold succumb to broad-based selloff

  • Copper futures once again returned to negative territory after the major drawdown in the dollar paused Friday morning.
  • Market participants noted that the greenback is one of a very few catalysts driving the market currently, with action expected to be muted until after Labor Day.
  • Gold was facing a similar obstacle with reduced expectations of a near-term Federal Rate hike unable to boost the yellow metal’s prospects.