Copper: The 'New Gold'? 20-Year Record Breakout Sparks Investment Buzz

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News18•05-02-2026, 15:37
Copper: The 'New Gold'? 20-Year Record Breakout Sparks Investment Buzz
- •Amidst market volatility, copper is emerging as a strong investment option, potentially becoming the 'gold' of the future.
- •COMEX Copper recently broke a 20-year resistance on its weekly chart, signaling a fundamental shift in demand-supply dynamics.
- •Global demand for copper is surging due to its critical role in renewable energy, smart grids, and electric vehicles.
- •The 'Nifty Metal Index' shows a strong uptrend, with experts predicting further growth, making current dips a buying opportunity.
- •A 'structural deficit' in global copper supply is anticipated by 2026, driven by slow mine development and rapidly increasing demand.
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