Updated
Updated · Bloomberg · Jul 3
Copper Rises 1% on LME as Weak Dollar Dims Fed Rate-Hike Odds
Updated
Updated · Bloomberg · Jul 3

Copper Rises 1% on LME as Weak Dollar Dims Fed Rate-Hike Odds

2 articles · Updated · Bloomberg · Jul 3

Summary

  • Copper climbed as much as 1% on the London Metal Exchange on Friday, putting the metal on track to end a two-week losing streak.
  • Weak U.S. jobs data cooled expectations for Federal Reserve rate hikes, helping weaken the dollar and easing pressure on industrial metals.
  • Industrial metals broadly advanced with copper as lower borrowing-cost expectations improved the demand outlook for rate-sensitive sectors.

Sources

Left50%
Center50%
Bloomberg3h ago
Copper Climbs on London Metal Exchange; Weak Dollar, Fading Fed Rate Hike Prospects Cited
Investing.com Nigeria14h ago
Gold Rebounds After Payrolls Miss Rewrites September Fed Pricing | Investing.com NG

Insights

How will new US tariffs affect manufacturers facing a looming decade-long copper deficit and rising global prices?
As AI and EVs fuel unprecedented demand, will a global copper shortage derail the world's green energy and tech ambitions?

Related Stories

Gold Climbs to $4,203 as Oil Falls on U.S.-Iran Progress and Fed Stays Hawkish
11d ago
Bitcoin Drops Below $64,000 as 226,000 Jobless Claims Dim Fed Cut Hopes
12d ago
Dollar Posts Biggest 2-Day Rally in 3 Months as Fed Hawkish Turn Fuels July Hike Bets
13d ago

Sources

2 total
Left50%
Center50%
Bloomberg3h ago
Copper Climbs on London Metal Exchange; Weak Dollar, Fading Fed Rate Hike Prospects Cited
Investing.com Nigeria14h ago
Gold Rebounds After Payrolls Miss Rewrites September Fed Pricing | Investing.com NG

Related Stories

Gold Climbs to $4,203 as Oil Falls on U.S.-Iran Progress and Fed Stays Hawkish
11d ago
Bitcoin Drops Below $64,000 as 226,000 Jobless Claims Dim Fed Cut Hopes
12d ago
Dollar Posts Biggest 2-Day Rally in 3 Months as Fed Hawkish Turn Fuels July Hike Bets
13d ago