December Copper futures experienced a strong rally, rising in four of the last five sessions. The market is closely watching upcoming central bank meetings, particularly the Bank of Canada and the FOMC, as expectations for rate cuts are overwhelmingly tilted toward a reduction. Historically, rate cuts have acted as a tailwind for Copper prices. Optimism is also high surrounding a potential meeting between U.S. and Chinese officials, with both sides signaling a willingness to find common ground. This positive sentiment and indications of progress on a preliminary framework deal have helped de-escalate trade tensions and contributed to gains in the Copper market.
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