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 Prices Rise on Fed Rate Cut Speculation Ahead of Key Meeting READ MORE China's Energy Consumption Per Person Outstrips Europe, Led by Tech and Renewables READ MORE Fed Hints at Possible September Rate Cut READ MORE How to Buy Gold & Silver With PayPal or Venmo READ MORE When I Buy From GoldSilver, How Can I Pay for My Gold or Silver? READ MORE Add a Comment Cancel replyYour email address will not be published.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