Gains by the U.S. dollar caused copper prices to fall last week, but renewed hopes for increased stimulus in China curbed the metal’s losses. The dollar saw its value rise to a one-month high after comments made by U.S. Federal Reserve Board Governor Christopher Waller contributed to reduced investor expectations of a benchmark interest rate cut in March.
London Metal Exchange CMCU3 three-month copper prices decreased by 0.2% to trade at $8,363 per metric ton after the official’s comments. Waller said that although the…
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