RE: Lag at 7.4p10 Apr 2024 09:17
i gave you a good reason why it might continue... no need to get *****y! 😁
"london, april 9 (reuters) – copper prices hit a 14-month high on tuesday as fund buying offset the impact of higher inventories. three-month copper on the london metal exchange (lme) rose 0.2% to $9,434 a metric ton in the official rings. it hit $9,499 a ton earlier, its highest level since jan. 18 last year. "this is an expectation-driven rally driven by macroeconomic factors, less due to fundamentals. more funds are betting on upside in forward prices of copper," a trader said. banks and analysts have raised their price targets, including citi, which expects copper to hit $9,700 in three months, up from its previous $9,200 a ton. "