BASE METALS

War in Europe but copper is outperforming gold

The price of copper touched an all-time high of US$10,730/t (US$4.87/lb) on March 7, and despite a small retreat remains on its strong two-year upward trajectory. The red metal is widely predicted to break through the psychologically important US$5/lb mark (US$11,023/t) by August, and is at a four-year high relative to the price of gold.

Chris Hinde
War in Europe but copper is outperforming gold

The relationship between gold and copper reflects economic and political sentiment. According to the popular adage, copper has a doctorate in economics, with an ability to predict turning points in the...

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