Copper Falls to 3-Week Low as US-Iran Fighting Stokes Inflation Fears
Updated
Updated · Bloomberg · Jun 11
Copper Falls to 3-Week Low as US-Iran Fighting Stokes Inflation Fears
2 articles · Updated · Bloomberg · Jun 11
Summary
Copper slid to a three-week low after fresh US-Iran fighting rattled markets and deepened concern about the global growth outlook.
Rising geopolitical tension fed worries that inflation could accelerate, keeping interest rates higher for longer and weighing on demand-sensitive industrial metals.
US Central Command said it carried out additional self-defense strikes after Tuesday's action in retaliation for the downing of an American helicopter.
The renewed military moves highlighted President Donald Trump's growing impatience as Washington and Tehran still have not reached a peace agreement.