The thing to consider is a full blown US recession, and the consequent spillover effects internationally.
Economic trends in the US are very worrying despite what their reserve bank chief says. They have an inverted yield curve that has often preceded a recession. Their housing sector has major problems as does portions of the lending sector. Housing is a key driver of employment etc. China could be impacted by trade barriers and decline in US consumption.
Does anyone know of any good analysis of what a US recession would do to metal prices?
support, page-6
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Last
$44.59 |
Change
-0.180(0.40%) |
Mkt cap ! $227.0B | |||
| Open | High | Low | Value | Volume |
| $44.52 | $44.68 | $44.43 | $33.18M | 750.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1587 | $44.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.60 | 2367 | 13 |
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| Last trade - 10.40am 05/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |