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Copper Climbs From Three-Month Low After Rough Week for Metals

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Commodities Copper Climbs From Three-Month Low After Rough Week for Metals Copper flicked higher on Friday, trimming losses racked up in recent days due to upheaval in the artificial intelligence sector and expectations of further hikes in US interest rates. The red metal has attracted investors betting that lavish spending on data centers and other AI infrastructure will boost demand. But prices have retreated from a record high in September as the bull case hit headwinds even before the...

Commodities Copper Climbs From Three-Month Low After Rough Week for Metals Copper flicked higher on Friday, trimming losses racked up in recent days due to upheaval in the artificial intelligence sector and expectations of further hikes in US interest rates. The red metal has attracted investors betting that lavish spending on data centers and other AI infrastructure will boost demand. But prices have retreated from a record high in September as the bull case hit headwinds even before the uncertainties triggered by the leadership crisis at chipmaker Nvidia Corp.
Rough Week for Metals Commodities Copper Climbs (ORG) Rough Week for Metals Copper (ORG) US (LOCATION) AI (ORG) Nvidia Corp. (ORG)
Originally published by Bloomberg Markets Read original →