Copper has been shooting higher over the past few months, recently hitting an all-time high alongside stocks.
A surge in demand for critical metals from the artificial intelligence and defense sectors is set to see gold and copper prices soar to record highs this year, Goldman Sachs says.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold prices have been rallying to record highs, with spot gold notching a new top of $2,449.89 per ounce on Monday. Silver too hit multi-year highs earlier last week, as did industrial metal copper.
Hello! This is MarketWatch reporter Isabel Wang bringing you this week's ETF Wrap. In this edition, we look at some of the copper-related ETFs that hit all-time highs earlier this week, driven by the base metal's surge to record territory.
United States Copper ETF CPER is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 44.56% from its 52-week low price of $21.88/share.
The metal had hit an all-time record of around $11,100 a ton on Monday.