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Copper Struggling for Direction Despite Bullish 2020 Forecast

From earnforex.com

Copper futures are struggling for a firm direction on Tuesday, despite bullish projections of higher prices amid tapped out stockpiles and falling capital expenditures. The industrial metal has been putting together admirable gains over the last 12 months, advancing about 9%. With US-China trade tensions diminishing, could renewed global economic growth lift the red metal above the key $3 mark by next year? March copper futures edged up $0.0025, or 0.09%, to $2.8635 a pound at 14:48 GMT on Tuesday on the Comex division of the New York Mercantile Exchange. Copper prices have been trading at their best level since ... (full story)

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  • Category: Fundamental Analysis