After months of setting highs, copper took its first step back: it closed July at $13,534 USD/mt, down $136 over 30 days, though still up +8.7% year-to-date. What matters is not the size of the correction but what caused it: the three risks we had been flagging all triggered at once. The dollar strengthened (DXY at 100.4), funds cut their position […]
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