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Copper Heads for Weekly Gain as Traders Look Past Iran Flare-Up

Copper Heads for Weekly Gain as Traders Look Past Iran Flare-Up
Key Points

Copper Heads for Weekly Gain as Traders Look Past Iran Flare-Up Copper was on track for its second straight weekly gain as investors looked past potential demand headwinds presented by the mid-week resurgence in fighting in the Middle East. The metal edged slightly higher on Friday, and was up 1% for the week. Its performance mirrors that of other risk assets, which have recovered losses since the US launched fresh strikes on Iran earlier in the week.

Copper Heads for Weekly Gain as Traders Look Past Iran Flare-Up Copper was on track for its second straight weekly gain as investors looked past potential demand headwinds presented by the mid-week resurgence in fighting in the Middle East. The metal edged slightly higher on Friday, and was up 1% for the week. Its performance mirrors that of other risk assets, which have recovered losses since the US launched fresh strikes on Iran earlier in the week.
Copper Heads (ORG) the Middle East (LOCATION) US (LOCATION) Iran (LOCATION)
Originally published by Bloomberg Markets Read original →