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00:00 "There is a huge amount of movement on the metals during the past period and even during
00:08 this period, in terms of movements, on the most prominent of these commodities.
00:13 Let's focus on the movements that we have seen in terms of gold, which has returned
00:19 to touch new measurable levels.
00:22 We are talking about this rise that we have seen and the huge entry was strong during
00:28 the past period.
00:30 We are talking about 33% since the beginning of the year in terms of gold levels,
00:36 above $2,400 per ounce.
00:39 But today we have seen many of the main factors that supported these movements,
00:46 both in terms of the weak US dollar and its direction, specifically in terms of the
00:51 latest figures that we have read in terms of inflation in the US states and the
00:56 US dollar.
00:58 The US dollar is back, although it was a slight rebound, but the signs of a slow
01:02 rise give greater expectations that the US federal government may take a step to
01:08 reduce interest rates.
01:10 This was perhaps the most prominent of the movements and the entry of investors as
01:15 a safe haven and to face it, even in terms of geopolitical tensions that we have seen
01:20 recently in the region, which are still really active this time.
01:24 We are talking about the continuation and the return of the conflict between Russia
01:28 and Ukraine.
01:29 All these factors were main factors that supported these movements in terms of gold
01:36 during the past period.
01:38 But not only gold, which we have seen this rise and rise, but many of the main
01:45 minerals that we have seen and were on the rise.
01:49 Here we are talking about copper.
01:54 Since the beginning of the year, the rises have reached 28% in the 100s.
01:58 The trends are clear today for the investor as well as for copper and these levels
02:03 that exceed 10,900 for this commodity and the movements on it.
02:09 But there are some trends that support these positive movements and strong
02:15 rises on copper, which is the first level of the weakness that is present today and
02:22 the great demand that led to this entry, which we have seen recently.
02:26 And also for some of the motivational arrangements that China has made as the
02:31 biggest.
02:32 And we are talking about these arrangements because they come in the shadow of the
02:36 largest copper supplier in the world.
02:38 And we are talking about China, as well as some of the key centers and the growth of
02:43 the electric cars that may enter the industry.
02:46 This commodity enters the industry.
02:48 These electric cars may enter the industry.
02:50 For copper, this is what we have seen the demand for, and even at the level of
02:55 charging and the rises that it gave in return for this huge push.
03:02 In contrast, silver, as we have seen, the rises were strong and we are talking about
03:08 levels that reached the highest level in 11 years for silver.
03:14 That is, as it seems today, the investment and the exposure in the shadow of
03:18 developments and also the diversity of reasons that lead to the mass and the
03:23 quantitative rise that these minerals bear.
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