Metals Slide as US-Iran Situation Makes Outlook ‘Very Binary’

Copper fell as investors remained worried about the global economy, indicating continued demand concerns for the industrial metal. Markets gave only a lukewarm response to Donald Trump’s hints of progress on a potential peace deal with Iran, suggesting the geopolitical optimism was not enough to offset broader growth fears.

Analysis

Copper fell as investors remained worried about the global economy, indicating continued demand concerns for the industrial metal. Markets gave only a lukewarm response to Donald Trump’s hints of progress on a potential peace deal with Iran, suggesting the geopolitical optimism was not enough to offset broader growth fears.