Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Copper Prices Soar Amid Physical Disruption and Gold Rally

Guavy AI Editorial Team
Instruments
Gold Copper
Share

Copper prices continue to rise due to tight physical supply and potential disruption. The London Metal Exchange (LME) warehouse stocks fell by 2,425t today to 212,125t, with another 3,375t of warrants cancelled.

Indonesia's smelter disruption, including the Myanma Gresik smelter being down for several weeks and Manyar smelter due to restart in September, is also contributing to physical disruption. Additionally, Grasberg may be allowed to export copper concentrates, further limiting supply.

The US Department of Labor reported weak jobs data, causing odds of a September Fed hike to fall to 46% from 67%. This has led investors to buy gold ETFs, with over ~200,000oz bought overnight. Gold prices have risen ahead of US inflation data, with the spot price at $4,413/oz.

More on Commodities

Commodities just now

Oil Prices Steady Amid Conflict Over Demand Forecasts

Commodities just now

Oil Prices Wobble Amid Weakened Demand Projections and Mideast Attacks

Commodities 1m ago

Iran Conflict Raises Strategic Questions for US Military

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy