Copper Headwinds Remain Persistent, Despite Losses | Metals Mine

  • Copper Headwinds Remain Persistent, Despite Losses

    From etftrends.com

    Earlier this year, when gold and silver started seeing shakier price performances, some turned to copper as a metal with strong fundamentals backing its rising prices. Now, ongoing geopolitical tensions are causing the red metal to feel a bit of the pain, too. The Iran war has caused the price of copper to lose some of its luster this month, due to ongoing worries that the war could buoy persistent inflation and slow down growth. However, it’s likely far too early to back out of copper just yet. After all, the strategic factors backing the metal’s price rise in the first place are still there, and these perks ... (full story)

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