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Panmure Liberum analysts argue copper is a better investment than gold, citing its inflation protection, industrial demand growth, and immunity to interest rate movements.
Panmure Liberum's commodity team, led by analyst Tom Price, believes copper offers similar inflation protection to gold but also provides an industrial-backed demand growth story that gold lacks. They note that copper's price action suggests it is largely indifferent to U.S. interest rates, unlike many no-yield commodities.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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