Is Copper The New Gold?
Outlook Money|September 2020
Is Copper The New Gold?
Time to invest in the base metal, which has seen a 45% surge since mid-March

Copper prices have lately seen a surge like never before, having risen around 45 per cent in only a few months. After falling due to the lockdown, the price of copper has now bounced back to pre-COVID levels, and surpassed it. It is now expected to keep surging as factories open up and manufacturing picks up the pace. This surge in copper prices is interesting because usually, copper and gold prices move in opposite directions. When there is an economic slowdown, price of gold shoots up, as is happening recently, because investors look for a stable investment instrument. Copper prices at these times, however, fall as manufacturing and construction face hurdles.


You can read up to 3 premium stories before you subscribe to Magzter GOLD

Log in, if you are already a subscriber


Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines


September 2020