Copper Holds Steady as Fed Hike Bets Recede

2026-07-06 04:03 By Jam Kaimo Samonte 1 min. read

Copper futures held above $6.15 per pound on Monday, trading in a narrow range for a second straight week as traders scaled back expectations for Federal Reserve interest rate hikes.

Softer-than-expected US jobs data released last week reduced the perceived need for tighter monetary policy, while lower oil prices also helped ease inflationary pressures.

Industrial metals tend to benefit from a lower interest rate environment, which supports economic activity and strengthens overall demand.

Copper also found support as some Chinese funds rotated into metal stocks and futures ahead of expected solid first-half earnings from producers.

Several Chinese mining companies are set to release preliminary results in the coming weeks, with this year’s rally across commodities, from gold to copper, expected to boost profits from a year earlier.



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Copper Holds Steady as Fed Hike Bets Recede
Copper futures held above $6.15 per pound on Monday, trading in a narrow range for a second straight week as traders scaled back expectations for Federal Reserve interest rate hikes. Softer-than-expected US jobs data released last week reduced the perceived need for tighter monetary policy, while lower oil prices also helped ease inflationary pressures. Industrial metals tend to benefit from a lower interest rate environment, which supports economic activity and strengthens overall demand. Copper also found support as some Chinese funds rotated into metal stocks and futures ahead of expected solid first-half earnings from producers. Several Chinese mining companies are set to release preliminary results in the coming weeks, with this year’s rally across commodities, from gold to copper, expected to boost profits from a year earlier.
2026-07-06
Copper Rises as Rate-Hike Expectations Ease
Copper futures climbed toward $6.2 per pound on Friday and were on track for a weekly gain as traders scaled back bets for Federal Reserve interest rate hikes following softer-than-expected US employment data. The US economy added far fewer jobs in June than forecast, leading markets to price in only about a 50% chance of a Fed rate increase in September, down from roughly 67% before the report. Industrial metals had faced pressure in recent weeks as Federal Reserve officials signaled a greater willingness to tighten monetary policy, weighing on the outlook for metals demand. Easing supply risks as commercial traffic though the crucial Strait of Hormuz improved also weighed on prices.
2026-07-03
Copper is down by 2%
Copper decreased 2% to 6.0686 USD/Lbs
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