The Zhitong Finance App learned that traders are more optimistic about the interest rate outlook and assessed the impact of a fatal mining disaster in Chile on the supply side, increasing the increase in copper prices. Copper prices rose 0.6% on Monday. The fall in oil prices has heated up market expectations that the central bank may suspend further interest rate hikes to curb energy-driven inflation. Meanwhile, investors are still weighing the geopolitical risks brought about by the escalation of hostilities in the Middle East, and await the release of US inflation data in the middle of the week. Higher borrowing costs often weaken the appeal of commodities that do not generate returns.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that traders are more optimistic about the interest rate outlook and assessed the impact of a fatal mining disaster in Chile on the supply side, increasing the increase in copper prices. Copper prices rose 0.6% on Monday. The fall in oil prices has heated up market expectations that the central bank may suspend further interest rate hikes to curb energy-driven inflation. Meanwhile, investors are still weighing the geopolitical risks brought about by the escalation of hostilities in the Middle East, and await the release of US inflation data in the middle of the week. Higher borrowing costs often weaken the appeal of commodities that do not generate returns.
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