Goldman Sachs Warns of Copper 'Stockout' as Prices Hit New Highs Copper prices briefly soared above $10,000 a ton amid investor optimism about potential Federal Reserve rate cuts and a warning from Goldman Sachs about escalating supply shortages. The surge was part of a broader rally in risk assets, sparked by weaker-than-expected U.S. job figures, which fueled speculation of imminent Fed rate reductions. Despite a slight retreat in European trading, the outlook for copper remains bullish, driven by persistent supply-demand imbalances. Goldman Sachs has responded by lifting its year-end copper price forecast from $10,000 to $12,000 a ton. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts VP Harris Pledges No Fracking Ban, Emphasizes Clean Energy Progress READ MORE U.S. Dollar Stabilizes After Better-Than-Expected GDP Report READ MORE JPMorgan Chase CEO Jamie Dimon Remains Cautious on the U.S. Economy READ MORE China Launches Massive $140 Billion Bond Sale to Fuel Economic Growth READ MORE Gold's Three-Week Range Nears End as Bulls Push for Fresh Highs READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment