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via thehindu.comMarkets

Copper prices slid to near four-month low amid fears of hike in U.S. interest rates, lower demand, especially…

FROM THE WIRE · THEHINDU.COM

Global benchmark prices of copper declined to a nearly four-month low Friday amid expectations of U.S. Fed increasing interest rates and lowered demand from industries, especially from China and the global technology industry.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishCopper's decline reflects rate and industrial demand fears, relevant for commodities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Global copper benchmark prices fell to a nearly four-month low.
  2. 02Expectations of a possible Fed rate increase weigh on prices.
  3. 03Demand from China and the global technology industry is reported lower.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
CopperCOMMODITY:COPPERCommodity6.12 USD-0.23%today -1.29%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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