AI METALS WINNERS AND LOSERS. Manic Metals Report 07/24/2025

Today, optimism about trade deals and an action plan by the Trump administration on artificial intelligence is creating winners and losers in the metals space. Industrial metals are on the rise, led by copper, which had an explosive move after President Trump signaled that he was determined to win the artificial intelligence race. Obviously, to win that race you need a lot of electricity, and copper is the main metal that will be remembered for powering the AI revolution.

At the same time, platinum is giving up some of its explosive gains against gold as it returns to the pack, while gold is under pressure, as is silver, since their safe-haven status is being reduced. This is due not only to rumors of potential trade deals with Europe and China, but also to a closed deal with Japan yesterday. Add to that the strong economic data coming out of the United States, which suggests less of a need to use metals as a safe haven, and you can see a shift from the safe-haven plays back into investments that have growth potential—namely, industrial metals, the stock market, and even the oil market.

It looks like we are seeing a clear rotation—investors are moving out of safe havens and back into growth: industrial metals, the stock market, and even oil! The story is all about innovation, momentum, and the metals that will shape tomorrow’s world. Stay tuned—this market is just heating up.

Gold futures posted their strongest day in over a month, Eiler this week  rising 1.5% to $3,401.90 per troy ounce as the WSJ Dollar Index fell 0.5%. However, these gains have since diminished amid waning safe-haven demand. The dollar index on Wednesday slipped by 0.18%, reaching its lowest point in two weeks. This move came as optimism grew over a possible EU-US trade agreement, which boosted the euro and nudged the dollar lower. Some soft housing data also played a role—US existing home sales fell more than expected, hitting a nine-month low.

Earlier in the day, the dollar had actually shown some strength, buoyed by reduced global trade tensions after the US finalized a trade agreement with Japan, and by higher Treasury note yields that made the dollar more attractive for a time.

So, what does all this mean for gold? A weaker dollar tends to make gold more appealing, since it becomes cheaper for international buyers. That’s partly why we saw gold futures post their strongest day in over a month earlier this week, jumping 1.5% to $3,401.90 per troy ounce as the WSJ Dollar Index dropped by 0.5%. Still, as trade-related worries eased and confidence grew in the broader economy, some of that safe-haven demand for gold faded, causing prices to retreat from those highs.

In short, while the dollar’s recent dip gave gold a nice boost, improving trade prospects and economic optimism have shifted investor focus back toward industrial metals, stocks, and oil—leaving gold to shine a bit less brightly, at least for now. Gold Predictors said that while gold pulled back from the key $3,450 level, which is normal and expected.

However, the long-term outlook remains bullish. The breakout above $2,075 was a major move that opened the door for a potential parabolic surge in gold prices

Also, if you want to trade precious metals or get information on how to buy metals call me at 888 264-5665 or e-mail me at pflynn@pricegroup.com  You can also sign up for the Phil Flynn daily trade levels and joined thousands of other subscribers. Yet, but perhaps the best thing to do is to open your account and make sure you stay tuned to the Fox Business Network because they’re the only network in America that is truly invested in you.