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Copper edges up to two-week peak on hopes for trade deals
Copper prices touched their highest in over two weeks on Wednesday as a U.S.-Japan trade deal boosted sentiment, although gains were capped over concern about surpluses and rising inventories. Three-month copper on the London Metal Exchange was up 0.2% at $9,934 at 0945 GMT, its strongest since July 4. Copper has gained about 4% over the past week and is approaching its three-month peak of $10,020.50 hit on July 2. Sentiment was boosted after U.S. President Donald Trump struck a trade deal with Japan, lifting global share markets. Metals investors are focused on a potential trade deal with the world’s top metals ... (full story)