Copper climbs on Gulf de-escalation hopes, softer dollar
From brecorder.com
Copper rebounded on Thursday as the market hoped for another de-escalation in hostilities in the Gulf and the dollar dipped after its recent surge. Benchmark three-month copper on the London Metal Exchange was up 2.1% at $13,437 a metric ton as of 0920 GMT. The metal had dropped 1.5% on Wednesday on demand concerns after U.S. President Donald Trump said the memorandum of understanding with Iran to end the Gulf conflict was “over.” Trump has since said Tehran wants to “make a deal so badly” and that he did not expect a return to full-fledged war, even as the two countries traded attacks. “The bounce can only relate to ...
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