Copper and Aluminum Advance on Fading Expectations for Rate Hike

Copper rose for a third consecutive day and aluminum extended its rebound after hitting a four-month low, driven by easing expectations that the Federal Reserve will raise interest rates. The move signals improving near-term momentum in industrial metals as rate-hike fears fade.

Analysis

Copper rose for a third consecutive day and aluminum extended its rebound after hitting a four-month low, driven by easing expectations that the Federal Reserve will raise interest rates. The move signals improving near-term momentum in industrial metals as rate-hike fears fade.