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Survey finds central banks want gold, euro, and yuan as dollar dominance wanes
Submitted by admin on 09:21AM ET Tuesday, June 24, 2025By Yoruk Bahceli and Dhara Ranasinghe Reuters Tuesday, June 24, 2025 LONDON -- The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and geopolitical upheaval spark a rethink of financial flows.
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Copper faces historic squeeze with LME stockpiles depleting fast
Submitted by admin on 03:43PM ET Tuesday, June 24, 2025By Mark Burton Bloomberg News Monday, June 23, 2025 One of the copper market's biggest-ever squeezes is unfolding on the London Metal Exchange, as rapidly declining inventories push up spot prices. Spot copper traded at a $280-a-ton premium to three-month futures today, hitting the highest level seen since a record spike in 2021. The huge spot premium -- known as a backwardation -- signals a supply shortage, and it comes after a rapid drawdown in LME inventories over the past few months. /... Dispatch continues below .../
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