Base metals rise as US dollar weakens, LME gains over 2%
Base metals experienced significant gains overnight, with LME copper up 2.22% and LME aluminum rising 2.26% amid a weakening US dollar. Ferrous metals, however, saw declines, indicating mixed market sentiment.
pre-market1 source ↓written by the desknot a recommendation
- iron ore
- 1.08%
Overnight, base metals saw broad gains as the US dollar weakened. LME copper rose 2.22% and LME aluminum increased 2.26%. In contrast, ferrous metals faced declines, with iron ore down 1.08%. The rise in base metals may signal increased demand, impacting trading strategies in commodities markets.
Not investment advice. For informational purposes only.