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Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
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Metals prices this morning are higher: GCG5 +12.6 (+1.05%), SIH5 +0.237 (+1.49%), HGH5 +0.010 (+0.35%). Metals prices on Wednesday closed higher. Closes: GCG5 +0.2 (+0.02%), SIH5 +0.176 (+1.12%), HGH5 +0.01200 (+0.42%). Bullish factors included (1) improved demand for gold as an inflation hedge after the Fed said in its post-FOMC statement that it will be “patient” in raising interest rate, and (2) the Fed’s comments that said the labor market “improved further” and that “underutilization of labor resources continues to diminish,” which signals economic strength that is positive for copper demand.