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What Copper and Gold Say about Chinese Growth

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What Copper and Gold Say about Chinese Growth
People walk past a copper coin-shaped decoration for Chinese New Year in Zhengzhou, China, in this file photo. Copper and gold are widely used to back loans in China and both metals have recently come under pressure due to forced liquidations. VCG/VCG via Getty Images)
Daniel Lacalle
Updated:
Weakness in copper persists—down 15 percent from its six-month high in June—and it shows the risks to optimistic global-growth and inflation expectations.

But something else is happening in gold and copper apart from a global slowdown and dollar strength.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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