Copper Shrugs Off Middle East Uncertainty to Eye Record High

From advisorperspectives.com

Copper headed toward its highest close ever — and other metals advanced — as traders shrugged off the apparent deadlock between the US and Iran to join a broader rally for risk assets. All main contracts on the London Metal Exchange posted gains, after the bourse’s combined gauge of prices ended Friday on a record high. Metals from copper to zinc have been resilient in the face of the Middle East war, partly thanks to signs of demand outstripping supply. Last week’s upward momentum carried into Monday despite US President Donald Trump rejecting Iran’s latest peace proposal as “totally unacceptable,” ... (full story)