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Copper Price Forecast: Will Chinese GDP Push Copper to New Highs?

From dailyfx.com

Copper fell with the broader market earlier this month as the red metal sank to its lowest point since August 14 in the opening days of October. Yet, copper futures are faring better since and appears immune to recent risk aversion that is putting pressure on the equity space. Through Thursday afternoon, copper futures are trading 1.25% higher versus the 0.72% drop in the Nasdaq 100 index. Copper Futures (Daily Price Chart) Chart created with TradingView As discussed in recent months, market imbalances appear to have driven much of the initial post-Covid rally. While the supply side is seeing some relief after LME ... (full story)

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  • Category: Fundamental Analysis