Copper prices surge, while both the US dollar and oil prices face pressure; renewed peace expectations reshape the logic of the metals market.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
⑴ On Monday, copper prices rose, supported by expectations that the US and Iran might reach a peace agreement. The LME three-month copper contract increased by 0.90% to $13,635 per ton, and the main copper contract on the Shanghai Futures Exchange climbed by 1.1% to 105,650 yuan per ton.⑵ Analysts at ANZ Bank noted that positive news regarding the conflict boosted market sentiment for industrial metals. Currently, base metals are squeezed by two forces: short-term demand is under pressure due to slowed economic growth, while support comes from disrupted supply in the Middle East.⑶ The market anticipates that an agreement between the US and Iran could reopen the Strait of Hormuz, causing oil prices to drop below $100 per barrel. The US Dollar Index fell by 0.2%, making dollar-denominated commodities cheaper for investors holding other currencies.⑷ Expectations for a peace agreement have eased concerns about inflation and the global economic slowdown. Copper, as a barometer of global economic health, has received support. Data from the LME on Friday shows that available copper inventories have dropped to 275,525 tons, a ten-week low.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Silver Price Forecast: XAG/USD remains steady near $94.00 as oil prices ease
FXStreet•2026/09/25 03:15
Metalpha withdrew 11,179 ETH worth $30.12 million from a certain exchange.
Odaily星球日报•2026/09/25 02:43
Japan’s Katayama says BoJ's latest rate hike was done to achieve inflation target
FXStreet•2026/09/25 02:33
Crypto prices
MoreBitcoin
BTC
$84,248.27
+0.54%
Ethereum
ETH
$2,683.26
+0.30%
Tether USDt
USDT
$0.9997
-0.01%
BNB
BNB
$773.33
+0.70%
XRP
XRP
$1.54
+3.01%
USDC
USDC
$0.9999
-0.00%
Solana
SOL
$117.19
+2.00%
TRON
TRX
$0.3385
-1.52%
Zcash
ZEC
$1,553.35
+2.80%
Hyperliquid
HYPE
$91.85
-0.06%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now