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2025-09-16 00:19:48
Copper prices hit a 15-month high as optimism grows about rate cuts. Driven by rising risk appetite, copper prices jumped to a 15-month high as traders prepared for an expected Federal Reserve rate cut this week and sought clues about further easing later this year. Copper futures on the London Metal Exchange rose 1% to $10,173 a ton, the highest since June 2024. Investors expect a 25 basis point rate cut this week after signs of labor market weakness emerged, and money markets have priced in a high probability of two more rate cuts before the end of the year. Interest rate cuts typically support the prices of commodities like copper by boosting demand and weakening the dollar, making them more affordable for buyers using other currencies.
