Mar 9, 2021 - Economy

Copper and gold show investors remain bullish on the economy

Data: FactSet; Chart: Axios Visuals

Even as copper prices have struggled over the past couple of weeks, the metal has managed to remain strongly in positive territory for the year, in contrast to gold, which has sunk so far in 2021.

Why it matters: Copper prices are a measure of bullish economic momentum, because copper is a prime input in products like houses, factories and electronics, while gold is a bearish market indicator suggesting investors see little value in other assets.

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