Copper Falls from Near-Record Highs Amid Shift in Monetary Policy Outlook

Copper futures have retreated from near-record levels following comments from US Federal Reserve officials that reshaped interest rate expectations, reducing demand optimism.

The market reversed a six-day rally on the London Metal Exchange, showing strong sensitivity to changing monetary policy outlooks.

Copper is facing short-term selling pressure but retains a bullish medium- and long-term structure, with a 76% probability that it will consolidate between $6.582 and $6.9456 over the next several days.