Markets

Copper Prices Surge To Nine-Week Highs As Dollar Sinks

A sluggish U.S. dollar also helped copper. As the value of the dollar drops, the corresponding values of hard assets like gold, silver, and copper rise in dollar terms.

For the technical analysis on copper prices , let's check in with the experts over at Kitco :

March N.Y. copper closed up 715 points at 272.70 cents today. Prices closed nearer the session high and hit a nine-week high today. The key

On the ETF side of things, the iPath Bloomberg Copper Subindex Total Return Sub-Index ETN ( NYSE:JJC ) was trading at $31.49 per share on Tuesday afternoon, up $0.75 (+2.44%). Year-to-date, JJC has gained 9.45%, versus a 1.53% rise in the benchmark S&P 500 index during the same period.

JJC currently has an ETF Daily News SMART Grade of A (Strong Buy) , and is ranked #31 of 120 ETFs in the Commodity ETFs category.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

JJC

Other Topics

ETFs