- Copper to trade near $9,000 by year-end – ANZ
Market news
28 September 2023
Copper to trade near $9,000 by year-end – ANZ
Strategists at ANZ Bank analyze Copper’s outlook.
Upward pressure on prices remains in place
Copper demand is likely to grow by nearly 4% this year, which will keep the market marginally undersupplied.
With inventories sitting near multi-year lows, upward pressure on prices remains in place.
We expect Copper to trade near the $9,000 level by the end of this year.
See:
- Gold Price Forecast: XAU/USD to trade near $2,000 by year-end – ANZ
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Gold Price Forecast: Positive real US yields reduce the attractiveness of XAU/USD – Erste
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