Copper — a metal with a history of predicting economic trouble — hits 1-year low, nears bear market

The metal’s futures for September delivery traded as low as $2.6735 per pound, their lowest since July 14, 2017.

·       “Demand still looked very good, [but] as the year unfolded, trade tensions started to weigh on growth,” says Suki Cooper, precious metals analyst at Standard Chartered.

·       “Dr. Copper,” as it is sometimes referred to by economists and finance experts, is often seen as a leading indicator of future economic trends since it is used in a number of different sectors.

Fred Imbert@foimbert

Published 10:56 AM ET Thu, 19 July 2018  Updated 12:10 PM ET Thu, 19 July 2018CNBC.com

Founder and President of Vertical Datacom, Inc

Posted in Uncategorized
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