Copper price sees weakness below $3.40 as recession fears escalate – by Sagar_Dua24 Copper Fed Recession Inflation China
the consolidation formed in a narrow range of $3.41-3.44 and is aiming for more weakness as accelerating interestA poll from Reuters claims that a fourth consecutive 75 basis point rate hike by the Federal Reserve in the first week of November is a done deal. It is worth noting that the Fed is behaving extremely aggressively ever to downsize the inflation rate. Therefore, policy-tightening measures have been continuously trending.
Going forward, policy announcements from China’s XI Jinping will remain the key after the continuation of his leadership for the third time.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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