bullish
Mining Monthly: June Edition
SUMMARY
- What you need to know: • The precious metals markets were down slightly in the month of June, however, we view this as a healthy consolidation period following significant price increases since November 2022.
- Sentiment Update June was similar to May for the gold price, posting a modest 2.2% decline to $1,919.1/oz, while silver fell 3.1% to $22.8/oz, and copper increased 2.8% to $3.7/lb.
- We believe the last two months of consolidation for precious metals and other commodities is healthy considering the significant increase in prices since November 2022.
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