Copper costs dip over 1% following Federal Reserve’s fewer price cuts sign


Investing.com — Copper costs are down greater than 1% after the Federal Reserve hinted at fewer price cuts for the upcoming 12 months.

The shift to a extra hawkish stance by the Fed has resulted in a rise in bond yields, a surge within the power of the greenback to 25-month highs, and a spike in volatility. This shift has additionally led to a pointy decline in key commodity currencies.

Market contributors have expressed concern that there is not a lot on the annual calendar to halt this downward pattern. The three-month London Steel Alternate (LME) copper contract has registered a 1.5% lower, buying and selling at $8,912 a ton.

Along with the Federal Reserve’s stance, looming U.S. tariffs on Chinese language items and uncertainties surrounding China’s home demand outlook proceed to stress the market.

This text was generated with the help of AI and reviewed by an editor. For extra data see our T&C.

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