Base Metals Decline the Most Concerning: Szpakowski

Which metals are considered most vulnerable due to large investor net long positions?

• Gold and Silver

• Aluminium and Zinc

• Copper and Nickel

• Iron and Steel

What is one of the main reasons for the bearish outlook on gold prices?

• Decreasing demand in Asia

• Rising interest rates and a strong U.S. dollar

• High inflation rates

• Increased mining activities

What economic regions are causing concern for copper demand?

• Australia and India

• Middle East and North America

• Africa and South America

• Europe and China

What could potentially lead to a rally in copper prices later in the year?

• Rising demand in Africa

• New mining technologies

• Increased production in South America

• Completion of corruption investigations in China's State Grid

What is Saudi Arabia's current strategy in the oil market?

• Focusing on renewable energy

• Increasing exports to Europe

• Defending market share despite low prices

• Reducing production to increase prices