Goldman Sachs notes a pickup in stock options volumes indicating stabilization in risk appetite. Copper's rally halts due to weakening fundamentals. Hedge funds are turning to defensive stocks for protection. Copper prices are on the rise, with future prices exceeding spot prices, creating the largest contango in over 20 years. Goldman now favors commodities and cash amidst growing uncertainty. They foresee the potential for gold prices to surge above $3000. Goldman Sachs upgrades their year-end target on copper to $12,000/t from $10,000/t, raising the full-year forecast average price to $9,800/t and maintaining an average of $15,000/t in 2025.