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Copper Price Rises Amid US-China Tensions – But Has the Rally Peaked?

From investingcube.com

Copper price is up by more than 2% today even after tensions between the US and China escalated. The metal is trading at $2.8393, which is a few points above Friday’s low of $2.7720. Other metals are in the green as well, with gold and silver price up by 0.65% and 3.0%, respectively. Copper price has been in an upward trend in recent months as investors place their bets on a global recovery. The price has risen by more than 18% in the past three months and by more than 35% this year. This makes it among the best-performing metals this year. For starters, copper is usually a good indicator of the health of the global ... (full story)

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  • Category: Technical Analysis