Gold prices have repeatedly hit record highs, reaching $2,400 on April 12 . Copper, too, has done well, with copper futures hitting their highest level since 2022 last weekend. Some fund managers and Wall Street analysts continue to be bullish on those commodities.
China has been struggling with a major real estate debt crisis for the few years. He said against that backdrop, he's getting back into some gold mining stocks such as Gold Fields and K92 Mining. Wall Street has also been optimistic on copper miners, thanks to the AI boom. Copper is used in data centers for power cables, electrical connectors, power strips and more.
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