Copper futures approach record above $14,300 as Warsh rate-hike comments weigh on stocks and gold
Copper futures traded above $14,300, inching closer to a record, while U.S. stocks were mostly lower after Fed Chair Kevin Warsh signaled a possible rate hike, with gold slipping on rate-hike bets and crude falling to $83.44. A separate report notes a record-strength weather phenomenon is already roiling industries from shipping to copper.
Detected & updated continuously · Source: Nebula
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@itradeph
U.S. stocks mostly lower after Warsh sees a possible rate-hike. A Weak Jobs Report Won’t Settle Rate-Hike Debate Gold slips as Warsh’s Inflation Pledge Fuels Rate Hike Bets Copper futures above $14,300/, inched closer to a record Crude falls to $83.44 https://t.co/N3kYKZPtjq
@WSJ
The weather phenomenon, expected to be the strongest on record, is already roiling industries, from shipping to copper to fish feed. https://t.co/nOoPHJRoaS