View full page at metalsmine.com

 

Copper Jumps Most in Eleven Months on Fed Pivot, Supply Cuts

From bnnbloomberg.ca

Copper jumped more than 3% in London, joining a risk-on rally seen across markets after the Federal Reserve gave the clearest signal yet that its historic policy tightening campaign is over. Wednesday’s Fed meeting, where policymakers signaled more aggressive interest-rate cuts in 2024, unleashed a bullish pulse that’s touched virtually every corner of global finance. Traders are betting the Fed is on the cusp of engineering a once-unthinkable soft landing in the world’s largest economy. For copper, a slew of major setbacks at key mining operations is also tightening the market, erasing a large surplus analysts had ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis