Copper Prices Marginally Higher Amid Tech Rally and Easing Rate Hike Bets
Copper prices saw a slight increase on Tuesday, supported by a rally in the US stock market, particularly in the tech sector, and receding expectations of a Federal Reserve rate hike this month. However, gains were tempered by a strengthening US dollar.
Copper prices were marginally higher on Tuesday, with a tech-led rally in US stocks and fading bets on a Federal Reserve rate hike this month mostly offset by a stronger dollar. Benchmark three-month copper LME:CA1! 08.