Copper marches towards 10-year high on weaker US dollar, supply concerns

Copper marches towards 10-year high on weaker US dollar, supply concerns

The Edge Markets - World·2021-04-26 15:01

HANOI (April 26): Copper prices rose on Monday, eyeing their highest level in nearly 10 years, as a weakening US dollar and supply concerns in top producer Chile boosted prices.

The US dollar edged lower amid speculation that US Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this week, making greenback-priced metals cheaper to holders of other currencies.

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