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Copper rallies on easing oil, Middle East peace deal hopes
Copper firmed on Friday amid easing oil prices and a wave of optimism that a peace deal between the US and Iran to end the war may be within reach. The benchmark three-month copper on the London Metal Exchange was up 1.64% at $13,704 a metric ton by 0300 GMT. The most-traded copper contract on the Shanghai Futures Exchange rose 1.5% to 104,960 yuan ($15,516.30) a ton.US President Donald Trump said on Thursday that a peace deal could be signed as soon as this weekend, which may reopen the Strait of Hormuz. Iran, however, said no final decision had been made on a possible agreement. Copper is widely considered a ... (full story)
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- Jun 12, 2:02am | 4 hr ago Posted byFundamental Analysis49
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