Copper drifts higher on increased risk appetite after Nvidia results | Metals Mine

  • Copper drifts higher on increased risk appetite after Nvidia results

    From brecorder.com

    Copper prices edged higher on Thursday as appetite for risky assets rose after results from Nvidia reassured markets about the AI boom. Benchmark three-month copper on the London Metal Exchange was up 0.2% at $9,778 a metric ton by 0930 GMT after slipping 0.8% in the previous session. LME copper, which has gained 11% this year, has been trapped in a range between $9,500 and $9,900 after failing to break above the $10,000 mark in early July. “Metals in general are in a holding pattern right now, but the main driver today is probably stronger risk appetite following the Nvidia results last night,” said Ole Hansen, ... (full story)

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