Copper Hits Four-Month Lows as Demand and US Rates Weigh
Copper prices fell to four-month lows on Thursday amid concerns about weak demand, including trouble in the AI industry, and expectations of US rate hikes that could support the dollar.
By Pratima DesaiCopper prices dropped to four-month lows on Thursday as the market fretted about weak demand, partly due to trouble in the AI industry, and expectations of US interest rate hikes that could mean further gains for the dollar.The selloff accelerated after the New York open on news tha…