Friday, June 06, 2025 | 08:58 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Copper prices slide after Fed's growth warning triggers sell-off

Benchmark copper on the London Metal Exchange (LME) was down 3.5% at $7,875 a tonne by 1603 GMT, having touched its lowest since Aug. 8 at $7,846.

Photo: Bloomberg
premium

Photo: Bloomberg

Reuters LONDON
Copper prices fell to their lowest in more than two weeks on Monday after U.S. central bank chief Jerome Powell warned of a painful period of slow economic growth and as COVID-19 restrictions in top consumer China hit sentiment.
 
Benchmark copper on the London Metal Exchange (LME) was down 3.5% at $7,875 a tonne by 1603 GMT, having touched its lowest since Aug. 8 at $7,846.
 
The U.S. Federal Reserve is expected to raise interest rates by 75 basis points for a third consecutive policy meeting in September as it seeks to combat inflation. Powell also said the Fed will

Disclaimer: No Business Standard Journalist was involved in creation of this content