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MarketScreener Homepage  >  Commodities  >  LME Copper Cash       

LME COPPER CASH

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Materials Up As Reopening Bets Spur Copper Prices To 3-Month High -- Materials Roundup

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06/02/2020 | 05:14pm EDT

Producers of metals and other raw materials rose as investors bet the economic reopening would spark demand for industrial metals.

Copper futures hit a three-month high, trading above $5500 a metric ton for the first time since early March, amid optimism about the restart of global economic activity.

Gold futures fell 0.7% but remained within 2% of the precious-metals recent multiyear high. The precious metal is used as a safe haven, a hedge against further economic weakness, but also a hedge against the inflation that would likely accompany a rapid global economic rebound.

 Write to Rob Curran at rob.curran@dowjones.com 

Stocks mentioned in the article
ChangeLast1st jan.
GOLD 0.23% 1804.1 Delayed Quote.18.53%
THE GLOBAL LTD. -3.30% 205 End-of-day quote.-56.48%
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