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Copper breaks above $11,000 on increased likelihood of US rate cut
Copper prices rose to their highest in almost a month on Wednesday on growing expectations that the U.S. Federal Reserve will cut interest rates in December and that prices will rise further after outflows to U.S. stocks. Benchmark three-month copper on the London Metal Exchange was up 1.6% at $10,993.50 a metric ton by 1033 GMT after hitting $11,025 for its highest since October 30. The metal used in power and construction hit a record high of $11,200 on October 29, boosted by worries over tighter copper supply from the Grasberg mine in Indonesia this year and next. “Upside risks for copper are rising, with the ... (full story)
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Gold prices hovered near an over one-week high on Wednesday, after expectations the U.S. Federal Reserve will trim interest rates next month kept non-yielding bullion a favoured asset. Spot gold was up 0.8% at $4,162.99 per ounce at 01:55 p.m. ET (18:55 GMT), after hitting its highest since November 14 earlier in the session. U.S. gold futures for December ...
From brecorder.com | Nov 26, 2025
Gold climbed a near two-week high on Wednesday, after new U.S. economic data bolstered expectations of an interest rate cut by the Federal Reserve in December and weighed on the dollar. Spot gold rose 0.8% to $4,161.10 per ounce, as of 0241 GMT, its highest since November 14. U.S. gold futures for December delivery fell 0.5% to $4,159.00 per ounce. ...
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