Gold’s historic run in 2025 had cast a gilded glow over the precious metals market, but a recent slump has exposed the reality of investing in commodities if you’re looking for big, shiny gains: gold is not a growth investment. In January, gold reached a record $5,416 per ounce, but quickly plummeted back to $4,641 per ounce in February (1). This correction reveals a few things: one, gold is an asset investors flock to when markets are volatile. As such, a rosy outlook from Wall Street for 2026 has more i ...

Group 1 - Copper and aluminum prices have declined as the rally supported by Chinese buying has stalled ahead of the Lunar New Year holiday, with benchmark copper futures nearing $13,000 a ton in London and $5.90 a pound in New York after a previous gain of over 2% [1][5] - Chinese copper buyers are expected to take an extended break during the holiday, which is anticipated to reduce industrial demand due to high prices [1] - Exchange inventories in China and the broader Asian market have been increasing, with total stockpiles in warehouses tracked by major exchanges exceeding 970,000 tons, the highest level since 2003, and over half of these reserves are located in the US [2] Group 2 - Analysts note a consolidation around $6 a pound for copper, with reluctance from end users to purchase at elevated prices; however, there is an expectation for continued price momentum in the coming years due to rising demand and supply challenges [3] - Copper prices had previously reached an all-time high above $14,500 on January 29, driven by investor interest in commodities amid concerns over the US dollar, but have since dropped 0.5% to settle at $13,108 a ton [5] - Aluminum prices have also decreased by 1% to $3,093 a ton, while other metals have seen price increases [5]

On Feb. 3, 2026, Climber Capital SA disclosed in an SEC filing that it sold out its entire position in First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC), an estimated $3.46 million trade based on quarterly average pricing. What happened According to a recent SEC filing, Climber Capital SA fully exited its position in First Trust Global Tactical Commodity Strategy Fund, selling 144,878 shares. The estimated value of the trade is $3.4 million, calculated using the average FTGC price during ...

Group 1 - Global fund managers were significantly overinvested in commodities prior to the recent collapse in commodity prices [1]

Core Insights - Goldman Sachs projects gold prices to exceed $4,900 per ounce by 2026, indicating a significant bullish outlook on the precious metal market [1][2]. Group 1 - The forecasted price of gold reflects a strong demand and potential market dynamics that could drive prices higher in the coming years [1][2].

Group 1: Market Overview - Silver prices have reached a record high of $67 per ounce, while gold is priced around $4,300, reflecting a 65% increase this year [1] - The current market conditions indicate a significant rise in various metals, including palladium, gold, silver, and copper, driven by a weaker dollar and inflation concerns [5][6] Group 2: Investment Opportunities - Freeport is highlighted as a strong investment opportunity due to its role in copper production, which is essential for industrial demand in sectors like transportation and data centers [3][4] - The lack of new copper mines built in the last decade positions Freeport favorably to meet the anticipated surge in copper demand over the next ten years [4] - The overall sentiment suggests that commodities are becoming a preferred hedge against inflation, making them attractive for investors looking to protect their portfolios [5][6]

Group 1 - Commodities are generally not considered good long-term investments due to price volatility and capital intensity, which lead to boom-and-bust cycles that can hinder compounding benefits [1] - Copper is highlighted as a notable exception due to its electric conduction properties, making it a focus for potential investment [1] - The author has over 30 years of experience analyzing various industries, including airlines, oil, retail, mining, fintech, and e-commerce, along with macroeconomic, monetary, and political factors [1] Group 2 - The author emphasizes the importance of learning from past crises, including the dot-com bubble, 9/11, the great recession, and the COVID-19 pandemic, which enriches their analytical perspective [1] - The experience gained from entrepreneurial ventures in export, factoring, and printing adds to the depth of understanding applicable across multiple disciplines [1]