Copper Price Gains Analyst Attention Heading Into October. Here's Why
Copper is heading for its steepest weekly drop since May, with London Metal Exchange (LME) futures down over 2%. Bloomberg reported that costlier energy and a stronger dollar have clouded the demand outlook. The slide began in the same week Deutsche Bank forecast a rally of about 50% for the metal. What Pulled the Copper The post Copper Price Gains Analyst Attention Heading Into October. Here's Why appeared first on BeInCrypto.
Key Takeaways
- Copper is heading for its steepest weekly drop since May, with London Metal Exchange (LME) futures down over 2%.
- Bloomberg reported that costlier energy and a stronger dollar have clouded the demand outlook.
- The slide began in the same week Deutsche Bank forecast a rally of about 50% for the metal.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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