Commodities
China Stimulus Boosts Copper Rally Toward $8 Target
Copper prices have gained positive momentum as China's policy support and a weaker US dollar improve demand outlook.
Experts believe that a confirmed break above $6.80 could push copper toward $8, with the technical structure remaining constructive above $6.
The ratios between copper, gold, and silver show precious metals may continue to outperform in the short term.
However, higher Treasury yields and tensions in the Middle East may limit the rally's gains.