In the next six months, copper will show stronger dynamics than oil and gold.
Analysts of the leading Wall Street banks also see the prerequisites for rising prices for this key metal. In particular, according to the UBS forecast, copper prices on the LME will rise to $10,250 per ton by September and will remain at this level until the end of the year. Their colleagues at Goldman Sachs believe that copper prices could reach $11,500 per ton by the end of the year.
Since the beginning of the year, bitcoin has risen in price by almost 40%, but history suggests that the main cryptocurrency may well continue to grow. Over the past eight years, that is, in the period from 2015 to 2022 inclusive, there has not been a single case that bitcoin has not risen in price following the results of the first ten days of the Lunar New Year.
The average increase over this period was +9%, with the bulk of it coming in the first week of the 10-day period, said Markus Thelen, chief analyst and strategist at Matrixport in Singapore.
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