The price of buyer drops from the highest level in 15 months before the federal decision

Copper trade near the highest closing level since May 2024, with traders ready for the first interest rates by the Federal Reserve since President Donald Trump’s return to the White House. Basic minerals have recorded a positive week as buyer rose by more than 1% on Monday, bringing its profits to more than 15% this year. Investors expect the Federal Reserve decision to lower interest rates by a quarter percentage point this week, while the markets are awaiting signals over the tendency of the central bank to more cash facilitation. Also read: Optimism for reducing interest pays copper prices against the highest level in 15 months. Low interest rates usually support basic commodities by improving demand and weakening the US dollar, making it affordable for buyers dealing with other currencies. The drop in the dollar, aluminum and zinc, the Bloomberg index for the dollar on Monday, fell to its lowest level in more than a month on Monday before being established in the trade on Tuesday. For immediate prices, the copper price dropped 0.4% on the London Metal Stock Exchange to score $ 10150 a tonne at 09:54 Shanghai time. The price of aluminum fell slightly after reaching its highest closure in six months, while the zinc was slightly off its highest level.