The Latest Breaking News from Comex

Did Copper’s Correction Destroy the Bull Market?

COMEX copper futures reached a new record high in March 2025, while the LME three-month copper forwards did not achieve the same feat. COMEX copper futures plunged in early April but held a critical technical support level and recovered.

Barchart · Apr 22, 2025

Base Metals in Q1 2025- Where are they Heading in Q2?

Base metals prices moved mostly higher in Q1, with COMEX copper leading the way on the upside. The COMEX futures outperformed the LME forwards because of the uncertainty of U.S. tariffs on the metals markets.

Barchart · Apr 10, 2025

What is Gold’s Next Upside Target?

Gold’s rally continues in early March 2025 after the yellow precious metal rose to a new high over the $2,900 per ounce level in February. The bull market that began in 1999 at bear $250 per ounce remains firmly intact in 2025.

Barchart · Mar 4, 2025

Base Metals in Q4 and 2024- Where are they Heading in 2025?

The nonferrous metals sector of the commodities market moved lower in Q4 and only registered a slight gain in 2024. While all base metals fell in the final three months of 2024, copper, aluminum, zinc, and tin prices increased for the year ending on December 31, 2024.

Barchart · Jan 10, 2025

Precious Metals in Q4 and 2024- Where are they Heading in 2025?

The precious metals sector declined in Q4 but moved to the upside in 2024. While gold and silver posted over 20% gains for the year, platinum and palladium futures were down over 10%. Gold was the only precious metal moving higher in Q4, as the price rose to a new…

Barchart · Jan 9, 2025

Is Consolidation in Silver Bullish?

Silver futures traded to the highest price since October 2012, reaching $35.07 per ounce in October 2024. While silver has pulled back, the price remains over the $30 level in late 2024 and could be on a path to challenge the 2011 and 1980 highs in 2025.

Barchart · Dec 19, 2024

Why is Gold Stalling?

After reaching a new high in late October, gold futures prices fell by just over $260 per ounce. Since then, gold has been sitting around the midpoint of the trading range as the market digests the most recent new peak and absorbs the price action in currency and debt markets.

Barchart · Dec 17, 2024

Is $4 a Bottom for Copper?

Copper futures rose to a record high of nearly $5.20 per pound in May 2024. After correcting below the $4 per pound level in August and September, copper recovered only to return to the $4 level in November. The $3.90 to $4.00 level has become critical support for the red…

Barchart · Dec 3, 2024

Is Gold’s Correction Another Buying Opportunity?

Gold prices corrected after reaching another new record high in October 2024, at over $2,800 per ounce. In post-election trading, gold prices are around $200 lower than the October high. While the correction may continue, the price action since the turn of this century tells us that buying gold on…

Barchart · Nov 26, 2024

Commodity Market Roundup: October’s Top Performers and Underperformers

Commodity prices turned mixed results in October even though bearish price action in the bond market and the pushed interest rates higher and bullish action in the dollar index tends to weigh on raw material prices.

Barchart · Nov 1, 2024