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Copper Drops Sharply As Sentiment Shifts
Copper Sinking on Friday Copper prices are falling sharply on Friday with the futures market gapping lower today and now down around 2% from yesterday’s close. The move comes amidst a fresh uptick in USD as focus reverts back to the re-escalation of the US/Iran war and the renewed inflation implications linked to the conflict. With oil prices surging higher again, Fed tightening expectations have come back into focus and we’re seeing risk assets recoiling ahead of the weekend. Neither the US or Iran are showing any signs of stepping back from the recent increase in hostilities and with risks of further escalation ... (full story)
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