Copper prices fall to four-month low on Fed expectations
Inflation in the US exceeding expectations and strengthening prospects of a potential Fed interest rate hike have pushed copper prices down to $6.20 per pound, marking a four-month low.
Higher-than-expected inflation data in the US economy and expectations that the Fed will continue its tight monetary policy have put pressure on copper prices in global markets.
With the strengthening of the dollar and rising expectations for interest rate hikes, copper futures have fallen to $6.20 per pound. This level has been recorded as the lowest point for copper prices in the last four months.
In addition to US inflation data, political developments have also influenced the decline in prices. Uncertainties regarding infrastructure investments following the change in majority in the US Congress and expectations of tariffs raised by Donald Trump have increased market anxiety, creating pressure on copper demand.
Sources
- sabah.com.tr · Link