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Copper outperforms gold in November

December 1, 2020by Nicholas Kabaso0

While gold languished in November the opposite was true for copper which continued to post new highs on the macro outlook for China remained strong and the rest of the world looked to rebound from an economic perspective in 2021 driven by the COVID-19 vaccine. 

These gains are set to continue as the stars align. Investors are expecting copper to reach new highs in 2021 with low inventories, a deficit market and strong macro support factors all joining forces to underpin the bullish narrative. 

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Nicholas Kabaso

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