Like many other commodities, copper prices have been on a tear in recent weeks. But the month of May has not been kind, at least in recent days: even though copper prices are up by +1.43% on the month, they are actually down -7.26% from their high set on May 10. Why might this be?
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Copper Hit All Target 668 To 800, just smashed past a record. Here’s what you need to know
Copper soared this week to an all-time high, continuing a sizzling rally that’s seen prices double in the past year.
Commodity Copper Trading Tips; All Target Hit 776.50 To 785.75 – Neal Bhai Reports
Commodity Copper Trading Tips; Copper prices on Friday traded up by 24 per cent at Rs 785.75 per kg in the futures market on the back of a pick-up in the spot demand.
Copper Surges Toward $10,000 as Bulls Bet on Global Rebound
Copper Prices Reports: Copper stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic.
Copper Hits Highest Since 2011 as Global Recovery Powers Metals
Copper climbed to the highest in almost a decade as the global recovery from the pandemic extended a rally in metals markets.
Will Gold bounce back this week?
Will Gold bounce back this week? : Gold prices have recently corrected from their alltime high level of Rs 56,200 per 10 gram to Rs 47,500 per 10 gram. However, the prices bounced back to Rs 49,000 per 10 gram level as the USdollar touched a 2.5-year low, backed by hopes over US Covid19 stimulus aid. Backed by positivity on vaccines, a raging bullmarket in equities is also putting pressure on the yellow metal.
Copper and silver to Outperform Gold in 2021
Commodities witnessed an interesting end to a decade in 2020, which was for the most part unfriendly for the resourcessector. Investors brace for a new commodity supercycle in 2021 as globaleconomic recovery and reflation trades are set to play out strong. Industrial metals such as copper and silver are likely to outshine gold and crude oil prices.