Copper futures rally despite Fed rate hike
Copper futures rose over a three-day stretch after a 25 bps Federal Reserve rate hike, as markets appeared to have priced in the move while traders awaited potential tariff news on refined copper.
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Gold rebounds from two-week low as geopolitical risk lifts haven demand
Gold futures rebound from a two-week low amid escalating Middle East geopolitical tensions and rising Treasury yields. Markets price a September FOMC 25 bps hike at 64% versus 36.6% a week prior after Jackson Hole hawkish comments.