Buyer descends amid warnings of federal officials over the interest

Buyer fell after the US Federal Reserve officials warned that he had rushed to facilitate monetary policy, and weakened expectations to increase the demand for minerals. The head of the Federal Reserve in Minneapolis Nile Kashkari was the latest as a warning against sharp reduction in interest in the United States, as long as inflation is still large. Low interest rates often encourage investors to buy assets that do not return as minerals. Previous profits and future copper expectations have seen a strong increase in the London Metal Stock Exchange over the past few weeks, with traders focusing on the possibilities of facilitating the monetary policy by the federal, at a time when supplies shrink due to the failure of the production in some great mines. Futures are currently approaching the standard levels recorded in 2024. City group analysts that copper prices could rise to $ 12,000 per tonne during the first half of next year, powered by the decline in supplies and total supporting factors such as twice the dollar. However, they expect prices to fall to 2026 with the resumption of production in the parked mines. The buyer fell by 0.3% to 10,724 dollars per tonne by 10:16 in Singapore, while most other minerals fell. As for the iron -RU futures in Singapore, they increased by 0.1% to $ 104.10 per tonne, while the Chinese markets reopened their doors after a weekly national holiday.

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