The price of buyer is still rising from the highest level since May 2024

The price of buyer has risen for the second day in a row and on the way to the highest levels since May 2024, with investors awaiting the development of the offer and the possibility of lowering interest rates by the Federal Reserve. The offer disorders, including the advertisement “FreePort-McMora” in the giant “Grassburg” mine in Indonesia, helped support the recent prices in prices. The metal closed 1.1% in London on Wednesday. Also read: The price of buyer is on its way to the best month in a year with the exacerbation of supply disorders in return, US employment data issued by a private authority has strengthened the bets to reduce interest, after the report of the “ADP” organization, which gained additional interest in postponing the government as a result of the federal closure. The possibility of lowering interest rates supports commodities. Low interest rates tend to support basic commodities by improving demand and weakening the dollar, and also making it accessible to traders who buy more currencies than the dollar. The Bloomberg index remained stable on Thursday. The price of buyer rose 0.5% to $ 10431 per ton at 14:41 Singapore time on the London Metal Stock Exchange. Aluminum and zinc also recorded profits, while Nickel managed it, and iron ore on the Singapore stock exchange fell 0.4% to $ 103.30 per tonne. The Chinese market is expected to be closed next week due to a national holiday.