Global X Copper Miners ETF is trading 3% down today as copper miners extend their recent pullback amid falling commodity prices and a broader sell-off in risk assets.
- The ETF is under pressure from weaker copper prices and ongoing concerns that the Federal Reserve will keep interest rates higher for longer following the latest U.S. inflation data.
- A broad risk-off tone in equities, fueled by geopolitical tensions and macroeconomic uncertainty, is weighing heavily on cyclical and commodity-linked sectors.
- The decline marks a continuation of the recent downward trend for copper miners as investors pivot away from industrial metals.