Metals Drift Lower With Market Waiting for Delayed US Data [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
Copper edged 0.4% lower on the London Metal Exchange, falling for a third session in a row. Traders are losing confidence in a December rate cut as Federal Reserve officials show little conviction for reducing borrowing costs. Lower interest rates can benefit commodities like copper by lifting demand and weakening the dollar, making the metal more affordable for buyers in different currencies. Most Read from Bloomberg What It Takes to Defeat the Leaf Blowers Bots, Billionaires Behind Gen Z March in Mexico, Sheinbaum Says Finnish-Style Baby Boxes Get a New York Twist Senator Calls for Evacuation of ICE Site After Contract Lapse Brussels' Pedestrian Zone Is So Crowded It's Restricting Bikes A six-week absence of reliable statistics on the American labor market and inflation has made some Fed officials increasingly reluctant to commit to another rate cut next month. Views are now split, after a quarter-point reduction being all but priced in less than a month ago. Trader
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News
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