ETF Trends
ETF Trends

Copper exchange traded funds have plunged on worries Europe’s debt turmoil will further weaken the economy and slow global growth.

The iPath Dow Jones-UBS Copper Subindex Total Return ETN (NYSEArca: JJC) fell about 16% last week. [Copper ETFs Fall on Slowdown Fears]

Copper prices eased to a 14-month low on Monday. Metals with industrial applications such as silver and copper have underperformed gold, which investors are using to protect themselves from currency debasement.

The sell-off in copper is troubling for stock bulls because the metal is seen as a leading indicator for the global economy.

CME Group has raised margin requirements to trade copper, gold and silver.

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