Skip to content
Subscriber Only

Metals Power Higher as Sickly Dollar Spurs Copper-to-Gold Rally

  • Zinc at decade-high, palladium hits record as greenback drops
  • IMF’s David Lipton says there’s ‘faster growth in all regions’
Video player cover image

BlackRock's Hambro Sees Commodities Bull Run in 2018

Updated on

Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar, dwindling inventories and continued robust outlook for demand. Palladium rallied to a new record as all precious metals climbed.

Copper surged as much as 2.1 percent, the most since Nov. 13, to $7,262 a metric ton on the London Metal Exchange. All metals climbed as the Bloomberg Dollar Spot Index fell to the lowest since September, reinforcing sentiment in a market that’s being buoyed by signs of supply constraints and rebounding demand across the globe.