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 Gold Soars to New Heights as Markets Await Powell's Jackson Hole Address READ MORE Gold's Unprecedented Surge in an Everything Rally READ MORE Oil Markets in a Tightrope Walk: Supply Scarcity and Economic Woes READ MORE Government Measures Aim to Strengthen Demand for ZiG in Zimbabwe READ MORE Gold's Stellar Month Tipped by Fed's Monetary Hints READ MORE Add a Comment Cancel replyYour email address will not be published.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