Copper

Copper, the English name for copper, originates from the Latin Cuprum, which in turn derives from the ancient Greek Cypros, the name of the island of Cyprus. Cyprus was said to be famous as a source of copper.

It is very closely tied to the global economy. It moves in tandem with the world economy. Along with copper, oil prices are also used as leading indicators of the global economy.

On the other hand, the price of gold (commodity) is used as a crisis indicator for the global economy. However, in the past, copper and oil prices were used as crisis indicators. Therefore, one should use them while assessing their correlation with the stock market at any given time.

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Topics: Commodities
Category: Wiki/Economy
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