Gold’s Bull Run Isn’t Just About Rate Cuts (Bloomberg Television)

The market appetite for gold is at a fever pitch, as inflation data softens and the Fed ramps up the dovish signaling. But it’s not simply the prospect of rate cuts underpinning gold’s bull run — an array of factors have helped vault the precious-metal to its present all-time high.

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Vicunau Investor Special to The Northern Miner: “Analysis: Rate cuts may boost mining M&A”

As summer holidays beckon, investors typically exchange their screens for a beach. However, with increased volatility in the market and more rate cuts expected this month by both the Bank of Canada and the European Central Bank, investors should gear up for moves in the market as well as increased M&A.

Main Facts About the Copper Market as Prices Hit Record Highs (Reuters)

Copper surged to record highs on Monday as a recent rally triggered by short covering created momentum for speculators and funds to bet on higher prices of the metal.

Below are the main facts about the copper market, sourced from the International Copper Study Group (ICSG), the International Copper Association (ICA), and Reuters data.

Lundin Mining buys 51% stake in Chile’s Caserones mine for $950 mln (Reuters)

Lundin Mining Corp (LUN.TO) on Monday said it would buy a majority stake in Chile’s Caserones copper mine for about $950 million to expand the Canadian miner’s exposure to the red metal crucial for the green energy transition.
Lundin Mining signed an agreement with JX Nippon Mining & Metals Corp to acquire a 51% stake in Lumina Copper, which operates the Caserones copper-molybdenum mine in Chile. JX is a unit of Japanese oil and metals giant Eneos Holdings Inc (5020.T).