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Global copper smelters are facing a crisis as China's rapid buildup of processing capacity undermines profitability across the sector, according to Reuters.

Wall Street experts still see promising areas of investing, despite US stocks reaching record highs. Fund managers believe that buying assets during a rally can be a smart decision for long-term investing.

According to analytics firm 10x Research, major bitcoin holders liquidated over 500,000 BTC from their long positions during the past year, equivalent to more than $50 billion. These sales have been counterbalanced by rising institutional demand from ETFs and corporations.

The single currency’s nearly 14% rise this year has helped curb inflation in the EU. However, further euro appreciation could push consumer prices below the ECB’s 2% target and hurt the competitiveness of export-oriented companies.

On Thursday, the campaign period for elections for the upper chamber of parliament began in Japan. According to Bank of America, the associated risks have not yet manifested themselves in the exchange rate of the yen. However, the risks may appear after the publication of election projections.

Analysts at Goldman Sachs Group Inc. have lowered their forecasts for US Treasury bond yields due to increasing expectations that the Federal Reserve (Fed) will ease monetary policy sooner than previously anticipated.

On Thursday, Barclays raised its Brent crude price forecast by $6 to $72 per barrel for 2025 and by $10 to $70 per barrel for 2026, citing expected demand growth. Geopolitical tensions in the Middle East have eased, and the risk premium has disappeared.

According to a Reuters poll, the Reserve Bank of Australia is expected to cut interest rates at its next meeting on July 8 as inflation falls, and economic growth is projected to weaken.

According to an HSBC study, demand for gold remains elevated among various investor categories, including central banks and affluent individuals. Moreover, Kitco data shows that currency investments in many countries have declined by approximately 40%.

In June, the European Central Bank (ECB) cut interest rates for the eighth time in a year. However, officials signal a pause in further monetary easing as EU inflation has reached the target level of 2% and uncertainty about US tariff policy persists.