Deep Dive: Copper supply squeeze offers potential for gold-busting returns

‘Significantly more attractive’

Copper may supersede gold as the most attractive metal over a long horizon due to opportunities brought by the recent supply squeeze, combined with an increased demand, experts told Investment Week.

With interest rates at their highest level in over a decade, experts highlighted the new environment has take a toll on gold, with John Reade, market strategist for EMEA at the World Gold Council, explaining that investors "typically prefer assets with higher yields" as interest rates rise and stock markets enjoy bullish sentiment. George Cheveley, portfolio manager and metals specialist at Ninety One, added that the surge in cost inflation over the past two years has also strained gold companies, as margins were tighter than usual. Four Graphs explaining silver However, as markets...