Faster global financial news!
LME copper prices fell back after hitting a record high, once dropping to $14,149/ton on Tuesday, as the market focused on signals from the Federal Reserve.
Copper prices on the London Metal Exchange (LME) retreated on Tuesday after hitting a record high close on Monday, falling to as low as $14,149 per metric ton before closing at $14,273. A stable dollar weakened some of the momentum that had previously driven metals higher. In the short term, market focus has shifted to the speech by Federal Reserve Chairman Kevin Warsh at the Jackson Hole central bankers' conference this Friday for clues on monetary policy. Despite the pullback in copper prices, factors such as low inventories, tight spot supply, and insufficient new mine development continue to support copper, with Citi reiterating its forecast for copper to reach $15,000 per metric ton by year-end.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Regulatory Landscape of Virtual Currencies in Mainland China and Risks Associated with Using Overseas Trading Platforms
-
2
SKR Tokenomics Analysis: The Core Driver of the Solana Mobile Ecosystem
-
3
According to Bloomberg Markets: Large asset managers are deleveraging in the U.S. Treasury futures market, triggered by forced selling as cash yields approach multi-year highs.
-
4
Wall Street's Rate Shock Spreads Beneath AI-Fueled Market Rally, Driven by High Oil Prices and Borrowing Costs
-
5
BEPR Token Analysis: Distinguishing Between Homonymous Projects and Current Market Status
-
6
TypeSafe AI, the maker of the non-text AI model Jev, reached a valuation of $7.5 billion just weeks after its launch, with a16z leading an $870 million funding round.
-
7
iPhone Vulnerabilities Continue to Threaten Crypto Users, Older iOS Devices Remain at Risk
-
8
Hungary Needs Significant Deficit Cut For Euro Path, Magyar Says
-
9
KYL Token: Kylin Network Data Infrastructure Project Status and Market Liquidity Analysis
-
10
Base Network: Coinbase's Layer 2 Solution and Its Ecosystem Development Status
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
