On June 26 (Thursday), analysts from Sucden Financial stated in a report that as market focus remained on geopolitical developments, the metal market was showing a cautious bullish sentiment.
Sucden Financial noted that the S&P 500 index was approaching record highs, and NATO leaders had endorsed a plan to increase defense spending to 5% of GDP, with 1.5% allocated for investments in infrastructure, cybersecurity, and other areas.
Sucden Financial added that, at the same time, Trump's pressure for a resolution in the Middle East was helping to ease geopolitical tensions, thereby supporting risk appetite and, in turn, benefiting metal prices.
(Wenhua Comprehensive)