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The Economic Times — Marketseconomictimes.indiatimes.com

Copper rebounds on bargain hunting amid softer dollar, firmer risk appetite (opens original article in a new tab)

TL;DR

Copper prices rebounded on Thursday amid bargain hunting, a weaker dollar, and improved market sentiment, while other metals also saw modest gains.

  • Copper prices rose 1.1% on Thursday after two days of losses, driven by bargain hunting, a weaker dollar, and improved risk appetite.
  • Global stock markets surged due to strong earnings from tech companies like Micron and Qualcomm, fueling an AI rally.
  • The weaker dollar made U.S.-denominated commodities cheaper for international buyers, supporting metal prices.

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