Base metals rallied on Thursday, but their downward trend over the last several weeks has been flashing recessionary signals.
Copper (HG=F) futures touched a 19-month low this week amid concerns of a recession. The metal used in everything from jewelry to motors and electrical wiring is down about 19% year to date.
“Doctor” Copper is often used to gauge the overall health of the economy.
“Weak commodity prices help ease inflation fears,” Fiona Cincotta, senior financial markets analyst at City…
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