The structural demand from AI data centers has provided a powerful tailwind for copper. But are record inventories and US tariff uncertainties setting the stage for a bearish reversal? In this month's highlight from The Macro Call, host Adam Crook, co-head of GCEM International Sales and head of EMEA FICC Hedge Fund Coverage, sits down with Tony Kim, global head of Metals and Bulks Trading and Investor Products Trading, to discuss the outlook for copper, gold and other metals. Clients can access the weekly episodes on Goldman Sachs Marquee, our digital platform for institutional investors. Recorded on June 4, 2026.

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