Copper prices rebounded sharply after declines in early May. While prices continue to find a bottom on a macro scale, they remain sideways in the short term. As a result, copper has been unable to establish a clear direction, either bullish or bearish. The Copper Monthly Metals Index (MMI) fell by 2.89% month over month.Copper prices fall 4.3% ahead of 0.75% rate hike issued by Fed The anticipated 0.75% interest rate hike came to fruition on Wednesday. The hike marks the largest since 1994 as the Fed attempts to restrain rising, persistent…
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