Copper hits 3-month lows, focus on demand and US rates
LONDON: Copper prices dropped to their lowest in more than three months on Thursday as the market fretted about weak demand and expectations of US interest rate hikes that could bolster the dollar. Benchmark copper on the London Metal Exchange was down 1.2% at $13,645 a metric ton by 1200 GMT, but up from an earlier $13,629 — its weakest since July 29. A higher US currency makes dollar-priced…
Read at Business Recorder(opens in a new tab)
Full coverage
Copper hits 3-month lows, focus on demand and US rates (opens Business Recorder in a new tab)
LONDON: Copper prices dropped to their lowest in more than three months on Thursday as the market fretted about weak demand and expectations of US interest rate hikes that could bolster the dollar. Benchmark copper on the London Metal Exchange was down 1.2%…
