Copper Price

Copper prices are skyrocketing in the charts after the Federal Reserve announced an interest rate cut of 50 bps last week. The metal rose from $9,200 to $9,600 weekly and is attracting heavy bullish sentiment in the indices. On Wednesday’s opening bell alone, copper prices surged 188 points, rising nearly 2% in the day’s trade….

The commodity markets gained the most this year, with hard metals and soft assets delivering double-digit gains. Hard metals like silver, gold, and copper hit new highs, while soft assets like the US dollar and consumables like oranges and eggs surged. However, the general rule of the market is that what goes up must come…