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Gold and Copper May Have More Room to Run in 2018, Bank of China Says

  • Analysts see gold at $1,400 and copper hitting $8,000
  • Weak dollar, stretched stocks, falling bonds spell gains
Bloomberg business news
Where to Make Big Money in Commodities, Energy

The stage may be set for commodities to extend their stellar gains, according to Bank of China International analysts.

By the fourth quarter copper will average $7,500 a ton and gold $1,400 per ounce, they wrote in a note this week, as financial drivers potentially outweigh fundamentals in 2018. In other words, the stars may continue to align for raw materials.