Copper Slips as Inflation Data Raises Bets on Fed Hiking Rates
7 Articles
7 Articles
The price of copper fell to around US$14,000 per ton in the middle of bets for a rise in interest rates in the United States, Bloomberg Línea reported.
Copper prices declined during today's Monday dealings, as the dollar rose as investors increased their stakes in raising interest at this week's federal meeting, along with continuing uncertainty about US customs duties on refined copper imports. After copper prices on the London Metals Exchange reached a record level last week at US$ 14875 [...], copper prices declined on the London Stock Exchange as the dollar rose and was written in the Stock…
Copper also maintains structural supporting factors. The expansion of data centers and renewable energies is raising expectations of demand for metal, used intensively in wiring and electrical infrastructure.The input Copper falls from historical peaks and the Fed puts back pressure on metals was first published on Ultima Cable - World News.
Copper prices fall after weekly decline Futures for copper on the London Metal Exchange (LME) fell by as much as 0.7% after recording their first weekly decline since June...
Copper prices fell as higher-than-expected US inflation data strengthened investor expectations that the Fed will raise interest rates.
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