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Can Copper Breakout Continue?
Copper prices surged higher yesterday on a combination of increased optimism over a US/China trade deal and a fresh rate cut from the Fed. The futures market broke out to fresh 3-month highs, eclipsing the previous monthly high set on October 9th. News that the US and China have agreed a deal which will include an extension of the current tariff pause for a further 12 months has seen risk assets broadly higher into the back end of the week. The lift in sentiment around news of the US/China trade deal was amplified by a fresh rate cut from the Fed yesterday. The bank announced a further .25% cut in rates, in line with ... (full story)
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From msn.com | Oct 30, 2025
Copper retreated from the previous session’s record high after the Federal Reserve tempered rate-cut expectations, helping to boost the US dollar. Fed Chair Jerome Powell warned that investors need to rein in expectations for a December rate cut. The Bloomberg Dollar Spot Index rose as much as 0.6% on Thursday, the most in more than three weeks. A stronger ...
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From miningweekly.com | Oct 30, 2025
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