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Market Impact: 0.35
Copper Set for Weekly Gain as Chinese Buyers Return to the Fore
Source: Bloomberg
Commodities & Raw MaterialsEconomic DataInterest Rates & YieldsMonetary PolicyEmerging Markets
Copper was headed for a weekly gain as indications of recovering Chinese demand supported the industrial metal. The advance came despite hawkish Federal Reserve messaging indicating that further interest-rate increases remain possible, creating an offsetting headwind for commodity prices.
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