Copper (HGU5): Hey there! Let’s talk about copper, or as some folks call it, “Neal Bhai.” It’s been making waves lately, jumping 15% to hit a record high of $5.85. Wondering why? Let me break it down for you in a way that feels like we’re just chatting over coffee.
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Copper Prices Bounce Back Due to Tariff Worries
Copper prices rise above $4.85 per pound as fears of new tariffs on steel, aluminum, and possibly copper grow. Learn why investors are concerned and how China’s economy plays a role.
MCX Copper Hits 4-Month High 859
Copper futures rose to nearly $4.50 per pound on Thursday, marking a four-month high.
The rally was driven by a sharp decline in the US dollar and easing concerns over a global trade war.
Copper Set for Strong Weekly Gain
Copper futures rose above $4.29 per pound on Friday and were poised to gain more than 6% for the week, marking the best weekly performance since May of last year, when copper prices surpassed the $5 mark.
Copper prices fall due to National Day holiday in China
Copper price News Today: Base metal prices are mixed, with LME three-month copper roughly steady at $9,954 a tonne and LME three-month aluminium up 0.1% to $2,665 a tonne. Trading in base metals is quiet as China celebrates the last day of the Golden Week holiday.
Copper comes off four-month high
Copper gave up gains from a four month high on Monday as equities fell sharply as Middle East worries escalated and investors awaited comments from ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell for additional clues on the rate outlook.
Copper Extends Gains on Risk-On Sentiment
Base Metal Outlook: Copper futures climbed above $4.3 per pound in mid-September, scaling the highest levels in two months as the US Federal Reserve jumbo rate cut boosted the global economic outlook, fuelling a rally in risk assets.