Copper and aluminum prices climb as rate hike prospects fade

Copper prices have risen for the third consecutive session, with three-month contracts on the London Metal Exchange increasing by 0.3%. This marks a recovery after two weeks of losses, amid declining expectations of a rate hike by the Federal Reserve following comments from its chairman about reduced inflation risks. Aluminum also saw a gain of 0.5%, supported by expectations of renewed supply from the Middle East, while central banks continued to buy gold aggressively despite the pressure from interest rate concerns.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل