Copper rises as oil slide eases rate-hike bets

Bloomberg · 5 hours ago
Copper rises as oil slide eases rate-hike bets
  • Copper climbed as much as 0.6% on Monday as a fall in oil prices fueled optimism that central banks could hold off on further rate hikes to rein in energy-led inflation.
  • Traders gauged the impact on supply of a fatal mine incident in Chile.
  • Investors weighed geopolitical risks from escalating hostilities in the Middle East and awaited the mid-week release of US inflation data.