Gold prices have repeatedly hit record highs, reaching $2,400 on April 12 . Copper, too, has done well, with copper futures hitting their highest level since 2022 last weekend. Some fund managers and Wall Street analysts continue to be bullish on those commodities.
China has been struggling with a major real estate debt crisis for the few years. He said against that backdrop, he's getting back into some gold mining stocks such as Gold Fields and K92 Mining. Wall Street has also been optimistic on copper miners, thanks to the AI boom. Copper is used in data centers for power cables, electrical connectors, power strips and more.
Source: News Formal (newsformal.com)
JPMORGAN DRN Commodity Markets First Quantum Minerals Ltd First Quantum Minerals Ltd Glencore PLC Glencore PLC Anglo American Platinum Ltd Anglo American Platinum Ltd Teck Resources Ltd Teck Resources Ltd Lundin Mining Corp Lundin Mining Corp Freeport-Mcmoran Inc K92 Mining Inc Gold Fields Ltd Gold Fields Ltd Southern Copper Corp Northern Star Resources Ltd Metal Commodities Business News
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