Questions People Ask About Copper Prices, the Dollar and their Impact on the U.S. Economy

Questions People Ask About Copper Prices, the Dollar and their Impact on the U.S. Economy

Why?

Why did copper climb for 14 consecutive days to reach an intraday high of $2.73, but then fall back last week to close at $2.46. Did the fundamentals change in any meaningful way? Also, note that 12 days of those gains occurred prior to the election result.

Why did gold fall for the last 10 trading days, giving up almost $100, or 7% of its value, to close at a nine-month low on Friday?

Why are equities trading at or near record highs?

Why is the dollar climbing so rapidly against some other currencies? Will expectations of higher interest rates push the dollar up farther?

If the dollar rises, will commodity prices fall? And if inflation rises, will commodity prices will also rise?

Does every question warrant an answer?  And is there an answer to every question?

If you would like to learn more about how to manage your wire and cable inventory in this volatile market environment, email John at by clicking here or calling him at 631-824-6486.

 

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