Copper rises from multi-month lows as upbeat sentiment lifts base metal

Prices of copper and most other base metals continued to recover from multi-month lows on Wednesday as strong U.S. corporate earnings and an easing of gas supply fears in Europe boosted risk appetite and global stock markets.
 

A weaker U.S. dollar in recent days has also helped metals, which are priced in the greenback, by making them cheaper for buyers with other currencies.
 

Metals and equities had plunged in recent months and the dollar reached 20-year highs as sky-high inflation and fast-rising interest rates pushed many countries towards recession.
 

"In the very short term, almost everything looks oversold and very