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Commodities

Copper Prices Remain Flat Amid Fed Rate Hike Expectations

Guavy AI Editorial Team
Instruments
Copper
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Copper prices have been flat on the day, trading at $6.6225 after a modest gain. The price remains above its key moving averages, indicating a bullish short-, medium-, and long-term trend alignment.

The decline in copper prices on September 1, 2026, was attributed to a stronger US dollar and rising expectations for a Federal Reserve rate hike, which weighed on demand.

Despite the recent decline, technical indicators remain bullish with price expected to trade between $6.57 and $6.675 over the next two to three days.

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