Happening now
The U.S. 2-year Treasury yield resumed its rise, hitting an intraday high of 4.39%.
The U.S. 2-year Treasury yield resumed its rise, hitting an intraday high of 4.39%.
- Copper prices hit a fresh record high on the London Metal Exchange amid trade-flow distortions from potential U.S. tariffs and supply challenges at major mines.Copper is trading at a record high as tariff uncertainty and mine supply problems squeeze available metal. Higher copper costs could raise input expenses for industries that rely heavily on the metal, such as construction and electronics.
- Goldman Sachs moved forward its forecast for the RBA's next rate hike, now expecting it in September rather than November.A major bank now sees the RBA tightening sooner than previously thought. An earlier rate hike would typically support higher yields on Australian assets relative to the US.
- Spot silver broke above $67 per ounce, up 1.29% intraday.Silver is extending its intraday gain past a round $67 level.
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