The US central bank delivered a widely expected rate cut, sparking mixed market reactions amid cautious optimism. Tech stocks wobbled, especially Nvidia, after China’s internet regulator had told the country’s tech companies to stop buying Nvidia’s AI chips and terminate its existing orders. Robotaxis and a USD 42 billion tech pact between the US and the UK fuelled gains elsewhere. Carsten Menke, Head of Next Generation Research, explains copper’s role in powering the AI revolution and what the Fed decision means for the gold price.
- (00:00) - Introduction: Helen Freer, Product & Investment Content
- (00:24) - Markets wrap-up: Jan Bopp, Product & Investment Content
- (06:44) - Copper: Carsten Menke, Head of Next Generation Research
- (11:00) - Closing remarks: Helen Freer, Product & Investment Content
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