Copper Futures News Headline Presenting By https://www.youreasytrade.inHave Questions Call Us At- 7302366166
Copper Gains Amid Upbeat Sentiment As Investors Eyed Interest Rate Cuts By Fed.
Copper prices edged up by 0.39% yesterday, settling at 763.15 rupees, buoyed by optimistic sentiment among investors who were anticipating interest rate cuts by the U.S. central bank later this year. The Federal Reserve opted to maintain interest rates unchanged but indicated its readiness to implement rate cuts by at least three-quarters of a percentage point in the coming months, despite recent reports of elevated inflation. While China’s industrial production unexpectedly accelerated in February, concerns regarding the demand for manufactured goods and new homes in the country tempered expectations for commodity purchases.
