Copper Rebounds From 1-Month Low as Trump Signals US-Iran Deal Could Come This Weekend
Updated
Updated · Bloomberg · Jun 12
Copper Rebounds From 1-Month Low as Trump Signals US-Iran Deal Could Come This Weekend
3 articles · Updated · Bloomberg · Jun 12
Summary
Copper bounced after logging its lowest close since mid-May, with the move following Donald Trump’s claim that a US-Iran agreement to end the war could be signed as soon as this weekend.
Trump said the pact was not yet finalized, and Iran had not confirmed any agreement, leaving the market reaction driven by the prospect of easing a conflict that has threatened the global economy.
All six main London Metal Exchange contracts rose on the headline, while Asian equities also advanced as investors priced in a possible de-escalation.