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ALAMOS GOLD (NEW)

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Commented by Stefan Feulner on August 19th, 2024 | 07:00 CEST

Alamos Gold, Prismo Metals, Hudbay Minerals - Gold breaks out, copper turns, act now!

Mining
Gold
Commodities
Copper

After a brief pause, gold returned with a brilliant breakout and crossed the USD 2,500 per ounce mark for the first time. This new all-time high has generated a striking buy signal. The conditions, with further escalation in geopolitics, provide the best opportunities for continued price increases. Copper also sent out positive signals. Despite economic concerns, the industrial metal may have found a bottom after the correction of recent weeks.

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