Copper prices have fared better than gold and silver this year, a testament to their resilience in the face of mostly downbeat global economic data and a possible indicator of a coming rebound.
Copper futures have climbed about 2.7% on the Comex division of the New York Mercantile Exchange since the end of last year. That compares with about a 0.9% rise in gold futures and a fall of about 2.5% in silver futures.
Copper prices have been trading higher to unchanged on the year and "this is a good signal that economic conditions around the globe may not be as dire as has been reported," said John Person, president of NationalFutures.com. . .View Full Article