Base metals prices rallied on global market optimism and reports of increased Chinese bond sales. The LMEX Index, despite being down 8% this quarter due to concerns about Chinese demand, saw gains across nickel, zinc, aluminum, and copper. China’s potential record 3 trillion yuan special treasury bond issuance for 2025 aims to stimulate its slowing economy. Meanwhile, positive US economic data has rekindled hopes for Federal Reserve easing, further supporting commodity prices.

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Oil Hits $100 and OPEC Is Fracturing. Gold Knows Why.
Oil hit $100 for the first time since early April. The UAE just quit OPEC. The Fed is trapped. Each development points to the same place — and gold is already there.




