empty
 
 

2026.07.0303:40:33UTC+00Copper Rises as Rate-Hike Expectations Ease

Copper futures advanced toward $6.20 per pound on Friday and were poised for a weekly gain as traders pared back expectations for further Federal Reserve interest rate hikes following weaker-than-anticipated US employment data. The US economy added significantly fewer jobs in June than forecast, prompting markets to assign only about a 50% probability to a Fed rate increase in September, down from roughly 67% before the release. Industrial metals had come under pressure in recent weeks as Fed officials signaled a growing readiness to tighten monetary policy, clouding the outlook for metals demand. At the same time, easing supply concerns—amid improved commercial traffic through the key Strait of Hormuz—also exerted downward pressure on prices.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback