Copper Bounces Around Waiting on the Fed - Energy Watch News


Copper Bounces Around Waiting on the Fed

The price of a pound of copper continues to fluctuate as investors interested in the red metal wait to hear what the Fed will do today. Will they hike up the interest rate as expected? Or, will they keep it status quo until their next meeting?

If yesterday’s activity is any indication, all bets are on the rate going higher.

Copper prices climbed for a third straight day Tuesday, adding 1 percent to $2.65 a pound, on expectations of stronger demand from China. A higher U.S. dollar ahead of Wednesday’s decision from the Federal Reserve put a lid on any further gains. Read more.

 

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