Financial news and actionable analysis
Copper price is up by more than 0.50% as investors remain optimistic a coronavirus vaccine. The metal is trading at $3.0463, which is slightly below the year-to-date high of $3.0732. Other metals are also rising today, with gold, silver, and palladium rising by more than 0.20%. Copper has been in...
Copper price continues its decline for the third day this week on the back of a stronger US Dollar and risk aversion that has hit risky commodity assets. Furthermore, recovery in the production of the red metal in Peru, the world’s second-largest producer of copper, is helping to cool prices […]
Copper price is trading lower today but still trades at two-year highs. Today’s pause has not ended bullish speculation on the red metal, as Research Analysts at Commerzbank believe that copper price still has some bullish momentum left in its wings. There is meat to the Commerzbank projections for copper […]
Copper price could be on the pathway to a significant swing higher if the outlook for Credit Suisse plays out in the market. Already, the price activity on the daily chart of the XCUUSD pair appears to have completed a bullish flag pattern, if the price pattern from mid-June till […]
Copper price is up for the second consecutive day as investors react to news that US and China have postponed a review of the first phase of the trade deal. The metal is up by 0.50% while other base metals like aluminium, lead, and nickel are up by 0.80%, 0.40%, […]
Copper price is up by more than 2% today even after tensions between the US and China escalated. The metal is trading at $2.8393, which is a few points above Friday’s low of $2.7720. Other metals are in the green as well, with gold and silver price up by 0.65% […]
