Copper Prices Surge to Record Highs as Tariff Anxiety Spooks Markets
While many investors may be mesmerized by the surging price of gold, another metal, copper, is having its own bull run. Copper prices in New York reached a record-setting $5.24 for a pound of the metal after news reports suggested that President Trump was poised to slap import tariffs on copper within a few weeks. Markets had expected this action to occur much later in the year. The price of copper has seen a 30% increase so far this year. This spike was largely a result of traders taking preemptive action by growing their stockpiles of the metal before tariffs…
