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Copper edges higher on US rate cut hopes and Chinese demand
Copper prices crept higher for a third consecutive session on Friday, bolstered by hopes of U.S. interest rate cuts after a central bank appointment and upbeat economic data in China. Benchmark three-month LME copper on the London Metal Exchange was up 0.3% at $9,714 a metric ton by 1000 GMT, extending a rebound after touching its lowest in three weeks on July 31. U.S. President Donald Trump on Thursday announced his pick to fill a vacant seat at the Federal Reserve, boosting hopes of interest rate cuts and weakening the dollar. A softer dollar makes commodities priced in the U.S. currency less expensive for buyers ... (full story)
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- Aug 8, 2025 7:20am Posted byFundamental Analysis220
