Trading strategies for copper and aluminum by Tradebulls Securities

The trend for aluminum has shifted from 'neutral' to 'positive'

Gold prices are trading at a 2-month low as US consumer confidence index came in better-than-expected in June and is now at pre-pandemic levels. Gold prices remain under strong pressure as market participants are active sellers as yields for government debt instruments have seen an increase. Increased yields, along with dollar strength, were the contributing factors for lower pricing in gold on Tuesday. Higher short-term inflation expectations are not impacting the consumer mindset just yet.

This week's two main headwinds are a stronger US dollar and higher US Treasury yields in the marketplace that is not seeing a lot