Macro Minutes: What Is Driving Metal’s Volatility?

In our latest Macro Minutes video, Securities Research Analyst Zacher Lewis discusses recent volatility in metals prices.

Key Points

  • Metals demand has fluctuated significantly since COVID lockdowns began.
  • Increased fears tied to the future of Chinese real estate development has also affected metals performance.
  • Generally, metals perform well in periods where there is accelerating economic growth and performance.


*The foregoing information constitutes the views of Fisher Investments based on information believed to be reliable. There can be no assurances that Fisher Investments will continue to hold these views. These views may change at any time based on new information, analysis, or reconsideration.
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Founded in 1979, Fisher Investments is an independent, fee-only investment adviser with $197 billion under management.* Fisher Investments maintains four principal business units, Fisher Investments Institutional Group, Fisher Investments Private Client Group, Fisher Investments 401(k) Solutions Group and Fisher Investments Private Client Group International, which serve a global client base of diverse investors. The clients of Fisher Investments and its affiliates include over 100,000 clients. Founder and Executive Chairman Ken Fisher’s “Portfolio Strategy” column for Forbes ran from 1984 through 2016, making him the longest continually running columnist in the magazine’s 90+ year history. He has also authored several New York Times bestsellers on finance and investing. (*As of 3/31/2022)