Aluminum Hits 1-Month Low as Iran Strikes Stoke Rate-Hike Fears
Updated
Updated · Bloomberg · Jun 10
Aluminum Hits 1-Month Low as Iran Strikes Stoke Rate-Hike Fears
3 articles · Updated · Bloomberg · Jun 10
Summary
Aluminum slid to its lowest level in a month as risk sentiment deteriorated after US forces struck Iran.
Higher inflation fears from a prolonged conflict strengthened expectations of US rate hikes, darkening the outlook for global growth and industrial-metals demand.
Stocks also fell, underscoring a broader market shift away from growth-sensitive assets as Middle East tensions intensified.