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25.08.202506:46:55UTC+00Copper Rises on Risk-On Sentiment

Copper futures rose above $4.46 per pound on Monday, marking a fourth consecutive session of gains as expectations for US Federal Reserve rate cuts stimulated a broader rally in risk assets. These gains followed Fed Chair Jerome Powell's speech at Jackson Hole on Friday, in which he suggested that the central bank may ease policy in its upcoming meeting. Powell highlighted that despite low unemployment, emerging risks to the labor market and a "restrictive" monetary policy indicate that adjustments may soon be necessary. As a result, markets are now factoring in an 87% chance of a 25 basis point rate cut in September, up from approximately 75% probability recorded last week. Additionally, copper prices received a boost from supply concerns after a US federal appeals court temporarily halted a land transfer crucial for Rio Tinto and BHP's advancement on what could become one of the nation's largest copper mines.

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