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Commodity investors eye Copper price amid supply shortage breakout

From finbold.com

Gold continues to serve as a safe haven for investors, reaching new all-time highs against the dollar this week. Concurrently, copper draws significant attention in the commodities market due to the AI boom and green energy initiatives. Copper prices are set to surpass their 2022 highs, driven by aging mines and a lag in new projects. Coupled with persistent inflation in major economies like the US and EU, copper’s role is becoming increasingly critical, marking it as a key commodity to watch in 2024. Copper is often seen as an indicator of global economic health due to its extensive use across various crucial ... (full story)

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  • Category: Fundamental Analysis