Copper

Copper on track for weekly loss due to strong dollar, high inventories

by
  • Copper rises after worst day since Aug. 1 on Thursday
  • Dollar on track for 10th straight weekly rise
  • Nickel up after hitting lowest price since July 2022

Copper prices were on track for a weekly loss on Friday due to a strong dollar, high inventories and reduced risk appetite after the U.S. Federal Reserve signalled monetary policy would remain restrictive for longer.

Read More…