Mumbai, May 26 -- COMEX Copper futures jumped to a near one-month high as weak US dollar and falling LME Copper inventories boosted the red metal though mixed equities capped gains. The US dollar index tanked under 99 mark as rate cut expectations took a toll on the currency. Federal Reserve Governor Christopher Waller said the central bank could cut interest rates in the second half of 2025. The PBoC cut key lending and liquidity rates shortly after credit data indicated that the issuance of government bonds increased in April, extending signals that Beijing would continue to support factory activity. The counter ended on Friday up almost 4% at $4.86 per pound and is stabilizing around the levels on Monday morning in Asia. Meanwhile, US st...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.