Gold Hits $4,695, Oil Breaks $80, Copper Nears 52-Week High
Gold futures settled at $4,695.90 on Wednesday, a fresh three-month high and the fifth straight up day for the metal, while crude oil just posted its worst five-day stretch of the quarter. WTI crude fell from $87.83 to $80.80, an 8% drop that tested the psychological $80 handle directly. Copper, meanwhile, sits at $6.76 a pound, a nickel below its 52-week high of $6.78. Three commodities, three different stories, and together they tell you more about where global demand actually stands than any one of them alone.
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Key Takeaways Gold futures (GC=F) closed at $4,695.90, up 3.98% in five sessions from $4,516.30 on August 20 and up 4.34% over three months. COMEX g…
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