22 Hrs
Source:
المشهد العربي
Copper drops as dollar and rates rise
Global copper prices declined after reaching a record high of $14,875 per ton last week, due to the strengthening dollar and expectations of a U.S. interest rate hike. Coinciding with an 88% probability of a rate increase at the upcoming Federal Reserve meeting, the dollar index rose to 99.54 points, negatively impacting copper prices, which fell to $14,120.50 per ton, a decrease of 0.81%. The price of the red metal is expected to continue being influenced by dollar fluctuations and potential tariff tensions.
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