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Copper steadies around $14,000 amid lower rate hike prospects
Copper prices dipped slightly after six weeks of gains, amid support from tight supplies and a decline in fears of U.S. interest rate hikes. Last week, the metal's price surpassed $14,000 per ton, fueled by substantial copper inflows into the United States in anticipation of tariffs, and expectations of a possible pause in U.S. rate hikes following weaker-than-expected jobs data, which boosted market sentiment. The price of copper settled around $14,080 per ton, with ongoing expectations of short-term fluctuations, while prices of metals like aluminum and zinc fluctuated between rises and declines.
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