Copper Falls as Fed Meeting Looms

2026-07-28 06:30 By Jam Kaimo Samonte 1 min. read

Copper futures fell below $6.3 per pound on Tuesday, giving up the previous session’s gains as investors awaited the Federal Reserve’s upcoming policy decision, with markets pricing in better than a one-third chance of a rate hike.

That reflects an unusually high level of uncertainty this close to a Fed meeting compared with recent years.

Copper also came under pressure even after President Donald Trump said the US was engaged in "good talks" with Iran aimed at ending the Middle East conflict, sending oil prices lower and easing concerns over inflation and interest rate hikes.

Meanwhile, the red metal continued to find support from its favorable long-term demand outlook, driven by the global transition to clean energy and the rapid expansion of artificial intelligence data centers.

On the supply side, signs of near-term tightness in top consumer China continued to underpin prices, while severe storms in leading producer Chile heightened the risk of disruptions to copper production.



News Stream
Copper Falls as Fed Meeting Looms
Copper futures fell below $6.3 per pound on Tuesday, giving up the previous session’s gains as investors awaited the Federal Reserve’s upcoming policy decision, with markets pricing in better than a one-third chance of a rate hike. That reflects an unusually high level of uncertainty this close to a Fed meeting compared with recent years. Copper also came under pressure even after President Donald Trump said the US was engaged in "good talks" with Iran aimed at ending the Middle East conflict, sending oil prices lower and easing concerns over inflation and interest rate hikes. Meanwhile, the red metal continued to find support from its favorable long-term demand outlook, driven by the global transition to clean energy and the rapid expansion of artificial intelligence data centers. On the supply side, signs of near-term tightness in top consumer China continued to underpin prices, while severe storms in leading producer Chile heightened the risk of disruptions to copper production.
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Copper Steadies Amid Easing Mideast Tensions
Copper futures steadied above $6.3 per pound after experiencing sharp volatility last week, as easing tensions in the Middle East lifted market sentiment. The US and Iran suspended strikes against each other over the weekend amid renewed diplomatic efforts, with President Donald Trump saying Washington was engaged in "good talks" with Tehran aimed at ending the Middle East conflict. Oil prices declined sharply, easing concerns about inflation and the interest rate outlook. Copper also continued to draw support from its strong long-term demand prospects, driven by the global transition to clean energy and the rapid expansion of artificial intelligence data centers. On the supply side, indications of near-term tightness in top consumer China underpinned prices, while severe storms in leading producer Chile raised the risk of disruptions to copper output.
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