**: Market information.
*: Mining rights resource network.
News that the Fed hinted at a possible start of rate cuts in 2024 triggered a sharp increase in metals. According to reports, the three-month copper **22% to 8520 per tonne$50, London Aluminum**12% to $2,170 per tonne. At the same time, gold prices also appeared, with an increase of 27% to 2050 per ounce$50. This trend shows that the market is sensitive to the Fed's policy adjustments.
In a note, Peak Trading Research noted that the Fed's pivot to a ** stance has brought strong bullish momentum to risk asset and commodity markets. This means that investors are optimistic about the Fed's expectations of future rate cuts and will send more money into commodity markets such as metals.
There is a gap between the number of rate cuts hinted by the Fed** and market expectations. The bond market is now pricing in six rate cuts next year, while the Federal Reserve** is signaling three rate cuts. This divergence could lead to increased uncertainty and volatility in the market, and investors need to keep a close eye on Fed policy movements to grasp market trends.
At the same time, markets will now focus on the ECB's interest rate decision later today. The ECB's monetary policy stance could have important implications for global financial markets, especially on commodities such as metals**. Investors should pay close attention to the ECB's decision-making in order to adjust their investment strategies and portfolios in a timely manner.