London Copper Rises on Rate Cut Expectations, China Demand Worries Cap Gains

August 29, 2024, 03.31 PM | Source: Reuters
London Copper Rises on Rate Cut Expectations, China Demand Worries Cap Gains

ILUSTRASI. Copper prices in London climbed on Thursday with the prospect of a U.S. rate cut in September supporting sentiment.

COPPER - BEIJING. Copper prices in London climbed on Thursday with the prospect of a U.S. rate cut in September supporting sentiment, although a firm U.S. dollar and concerns over demand from China capped gains.

Three-month copper on the London Metal Exchange rose 0.3% at $9,287 per metric ton by 0728 GMT, after reversing losses in early trading.

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