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Copper Breaches $10,000 Again as Goldman Sees ‘Stockout’ Risk
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Groups Inc. warned of intensifying supply stress. Metals joined a wider rally in risk assets after soft US jobs data triggered renewed speculation that the Fed will move to lower rates this year. Copper initially rose as much as 2.1% — returning to five digits again after a brief period in late April — before paring gains as trading got underway in Europe. The prospect of Fed easing is adding to tailwinds for copper as bulls predict further gains, with the world’s mines struggling to match ... (full story)