Copper prices on Tuesday rose to a near six-week high, supported by fresh demand and optimism over the potential for imminent U.S. interest rate cuts.
Prices of the red metal have been climbing steadily in recent weeks, paring losses after falling to a four-month low in early August.
Prices of the red metal have been climbing steadily in recent weeks, paring losses after falling to a four-month low in early August. "Until then, traders will continue to look out for signs of improvement, not least through the reduction of elevated stock levels at warehouses monitored by the three major futures exchanges," he added.already high expectations for a U.S. interest rate cut at the central bank's Sept. 18 meeting.
Copper (Mar'23) Interest Rates Metal Commodities Markets New York United States London Jerome Powell Business News
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