Investing.com investing.com 29 Dec, 2020 08:15 am

Commodities Year Ahead: Metals Seen Up Again After Copper, Gold 2020 Rally

Commodities Year Ahead: Metals Seen Up Again After Copper, Gold 2020 Rally
Commodities Analysis by Investing.com (Barani Krishnan/Investing.com) covering: XAU/USD - Gold Spot US Dollar, Pfizer Inc, Gold Futures, Copper Futures. Read Investing.com (Barani Krishnan/Investing.com)'s latest article on Investing.com

Yet, startlingly, prices of copper and gold have risen and fallen together in each of the past five years.London-based CRU Group also anticipates higher 2021 copper prices on average than forecast by Fitch or Bloomberg.” Like Smith of Commodity Market Analytics, CRU’s Durant is also banking on China to outpace growth projections, and spark another 2020-like phenomenon in copper prices.p Gold futures on New York’s COMEX only got to as high as nearly $2,090 this year.

London-based Capital Economics, however, expects the upside to COMEX gold futures in 2021 to be capped at around $1,900 — barely higher from current levels.com, our firm belief is it that gold futures can even surpass Goldman’s $2,300 projection — provided Biden gets his way with the stimulus efforts he has planned to spur the U.

Read full story at investing.com