| A stronger dollar in May caused most base metals to weaken. However, in June, the dollar has pulled back, as expectations for rate increases recede. That helped to lift most base metals, so far, this month. But that wasn’t the case for copper, which continues to struggle on the upside.
The red metal has held its value well this year, but it has found strong resistance near $7,500 per metric ton. Unlike other metals like zinc and steels for which we recommended buying forward earlier this year, we’ve kept recommending buying only small quantities of copper for quite some time now...............................................Full Article: Source
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