Due to positive investor sentiment over potential interest rate cuts by the US central bank later this year, copper prices increased by 0.39% yesterday, closing at 763.15 rupees. The Federal Reserve decided against raising interest rates, but it did signal that it was prepared to lower rates by a minimum of 0.75 percentage points in…
Monday’s Asian trading saw a pullback in gold prices, which were still comfortably within a recent trading range as concerns about longer-term, higher U.S. rates increased ahead of important economic data. gold futures expiring in March dropped 0.4% to $2,041.85 an ounce, while spot gold declined 0.2% to $2,032.32 an ounce. Since higher rates increase…
U.S. inflation statistics that sparked worries about possible delays in high-interest rate cuts caused copper to close down by -0.25% at 705.9. Interest rate reduction forecasts were recalculated by traders in response to the surprisingly high U.S. consumer price index in January. Based on the present pricing of Federal funds futures, LSEG’s rate likelihood tool…
In anticipation of more robust market-supporting policies from China, copper prices fell -0.84% Wednesday, closing at 715.95. The People’s Bank of China implemented measures to stimulate economic growth, including lowering the reserve requirement ratio for financial institutions and executing 100 billion yuan in 14-day reverse repos. In an effort to promote economic expansion, these steps…
A weaker U.S. dollar helped copper settle up 0.16% at 722.35, as traders and investors remained cautious ahead of key central bank meetings. With an eye on raising almost $2 trillion, Chinese authorities are considering a series of steps to stabilize the collapsing stock market. The Chinese government has pledged to implement more potent measures…
Disruptions in mine-side operations were the main driver of copper’s slight rise, which saw it settle up 0.42% at 715.4. Significantly, smelters’ desperate attempts to find raw materials have resulted in a drop in copper prices in China, which might threaten the margins of Chinese companies and possibly lower their output of refined copper. Surprising…
Copper prices increased by 0.91% to close at 739.3, supported by strong demand and mounting worries over supply interruptions. The optimism was bolstered by industrial profit improvements in China, the world’s largest metals user, as well as hopes of Chinese economic policy support amidst concerns about supply interruptions owing to Red Sea shipping restrictions. The…
Concerns about growing stocks at the London Metals Exchange (LME), which reached 174,900 tons a 225% rise since July caused copper to tumble 1%, ultimately ending at 713. In November, China released mixed industrial statistics that increased demand uncertainties. Up to 1% of global copper supply was impacted by First Quantum’s operations being suspended due…
Copper prices saw a -0.48% decrease at the close, closing at 718.85, as worries over demand reappeared in the wake of disappointing Chinese statistics. October saw a third straight month of improvement in China’s industrial earnings, although the annual growth rate decreased to 2.7%. This number represented a notable slowdown from the 17.2% gain in…
On October 25, gold prices rose as a result of falling U.S. Treasury yields, but the safe-haven demand for gold began to wane, making further gains difficult. After officials from all around the world tried to defuse the Israel-Hamas conflict, this development occurred. After falling the previous two days, spot gold increased by 0.3 percent…
