Copper Jumps as Trump Postpones Strikes on Iranian Energy Assets [Yahoo! Finance Canada]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance Canada
postpone planned strikes on Iranian power plants and energy infrastructure for five days. Trump's comments caused ructions across financial markets, with stock and bond markets rallying while the dollar tumbled and oil plunged as much as 14%. Copper advanced as much as 3.9% in London. Most Read from Bloomberg Iranian Navy Guided Indian Tanker Through Hormuz, Crew Member Says Air Canada Jet Hits Truck at LaGuardia; Both Pilots Killed Super Micro Co-Founder Charged With Smuggling, Departs Board Trump Gives Iran 48 Hours on Hormuz, Threatens Power Plants Iran Says Ready to Let Japan Vessels Use Hormuz, Kyodo Reports The metal — viewed as a bellwether for the global economy — had earlier slumped to the lowest level in more than three months as the war in the Middle East sapped risk appetite across financial markets and heightened concerns about global inflation and growth. The conflict, now in its fourth week, has pushed oil and gas prices higher, threatening to weigh on
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