Copper eases as Iran peace deal hopes fade, U.S. inflation data due

From brecorder.com

Copper eased from a more than three-month high on Tuesday as crude oil prices advanced with Middle East peace deal hopes fading on Trump’s rejection of Iran’s proposal, and traders weighing incoming U.S. inflation data. Economists expect the largest annual increase in U.S. inflation in two and a half years, which would dampen hopes for the Federal Reserve to cut interest rates. The benchmark three-month copper on the London Metal Exchange declined 0.41% to $13,894 a metric ton as of 0725 GMT, after touching an over three-month high of $13,983 earlier in the day. The most-active copper contract on the Shanghai ... (full story)