-
Copper hits near one-week low on stronger US dollar, growth fears
Copper prices touched a near one-week low on Thursday and other base metals also slipped, dragged down by a strong dollar and mounting global growth fears amid escalating tensions between Israel and Iran. The LME’s three-month copper was down 0.5% at $9,609 per metric ton in official open-outcry trading. Prices hit their lowest level since June 13. “A stronger U.S. dollar on higher on geopolitical concerns tends to weaken U.S. dollar-based prices. Long-only funds are sitting on the sidelines due to elevated risk concerns,” said SP Angel analyst John Meyer. The pullback also reflects reduced activity as U.S. ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From bankofengland.co.uk|Jun 19, 2025On 21 May 2025, the Office for National Statistics (ONS) published data showing that twelve-month inflation in the Consumer Prices Index (CPI) was 3.5% in April. On 18 June, the ...
From cnbc.com|Jun 19, 2025The Bank of England kept its key interest rate on hold at 4.25% during its Thursday meeting, with economists expecting the central bank to wait until August before it cuts again. ...
From @realDonaldTrump|Jun 19, 2025|8 comments
The Wall Street Journal has No Idea what my thoughts are concerning Iran!
-
- Newer Stories
From @realDonaldTrump|Jun 19, 2025|17 comments“Too Late” Jerome Powell is costing our Country Hundreds of Billions of Dollars. He is truly one of the dumbest, and most destructive, people in Government, and the Fed Board is complicit. Europe has had 10 cuts, we have had none. We should be 2.5 Points lower, and ...
From argusmedia.com|Jun 19, 2025G7 leaders have agreed a strategy to protect and diversify critical mineral supply chains in the interest of shared national and economic security, at the group's annual summit in ...
From youtube.com/markets|Jun 19, 2025The President of the Swiss National Bank said the strong Swiss franc was one factor influencing the SNB's decision to cut its interest rate to zero. Martin Schlegel also said that ...
- Story Stats
- Jun 19, 2025 9:05am Posted byFundamental Analysis227
