Copper Price plunges below $3.90 on advancing hopes of a slump in the aggregate demand

Copper Price plunges below $3.90 on advancing hopes of a slump in the aggregate demand

From fxstreet.com

Copper, prices on COMEX, have witnessed a steep fall in the Asian session. The base metal has surrendered the potential cushion of $3.90 and has renewed its 15-month low at $3.86. The asset is declining firmly and is expected to find a cushion much lower. The policy tightening approach adopted by the Western leaders to fix the inflation mess has brought a significant fall in the asset. The inflation rate is advancing at a runaway pace and central banks are featuring rate hikes to tighten their grip on the injection of liquidity into the economy. The unavailability of helicopter money into the economy along with ... (full story)

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