Copper Headwinds Remain Persistent, Despite Losses

Copper, which had been sought as gold and silver weakened earlier in the year, is now coming under pressure as ongoing geopolitical tensions weigh on prices. Expect increased volatility and risk-off positioning in commodities, which could hurt copper-related equities and commodity flows in the near term.

Analysis

Copper, which had been sought as gold and silver weakened earlier in the year, is now coming under pressure as ongoing geopolitical tensions weigh on prices. Expect increased volatility and risk-off positioning in commodities, which could hurt copper-related equities and commodity flows in the near term.