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)