Yulia Slavina

Copper reaches record level with 50 percent jump, Bob Elliott notes

Copper reaches record level with 50 percent jump, Bob Elliott notes
Copper surges to all-time high

Bob Elliott, co-founder / CIO at Unlimited, highlights that the commodity rally extends beyond oil and related products.

Copper has reached an all-time high with a 50 percent increase over the last year.

Elliott recently noted that oil prices rose as a large inventory draw offset improved Gulf supply. He has also highlighted persistently high U.S. housing prices supporting consumer spending. His ongoing commentary has tracked the impact of commodity and asset price movements on broader economic conditions.

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