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Investors started buying gold as the fears of the European debt along with the concern that the US Government might default. This resulted in the gold prices touching $1600 an ounce on Monday. Copper is 14 per cent higher now than it was in May, when copper prices were $8,504.50 a ton. Analysts expect it to be close to February price of $10,190 which was a record price.
Gold and silver has certainly been the captains of the precious metals bull train over the past year but now it looks like that they might have a partner when it comes to metals to invest in. Copper has been a metal that has been in huge demand all throughout the world for at least a decade, especially in the United States, but now there is word from the major investors that copper is getting ready to go on a bull run and they say that the time is now to jump aboard.
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