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Copper Pops Higher as US-Iran Agreement Puts Bulls in Charge
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Copper Pops Higher as US-Iran Agreement Puts Bulls in Charge Copper rose as an interim peace agreement between the US and Iran eased fears over global economic growth and stoked optimism for metals demand. The industrial metal climbed as much as 1.4% after both sides said a deal had been reached to cease hostilities, reopen the Strait of Hormuz, and begin negotiations on Iran’s nuclear program. For metals — and copper in particular — an end to the war would remove a major downside risk at a...
Copper Pops Higher as US-Iran Agreement Puts Bulls in Charge
Copper rose as an interim peace agreement between the US and Iran eased fears over global economic growth and stoked optimism for metals demand.
The industrial metal climbed as much as 1.4% after both sides said a deal had been reached to cease hostilities, reopen the Strait of Hormuz, and begin negotiations on Iran’s nuclear program. For metals — and copper in particular — an end to the war would remove a major downside risk at a time when analysts are relatively bullish.
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