GK and monthly revision

Copper rebounds on bargain hunting amid softer dollar, firmer risk appetite

Copper prices rebounded on Thursday, recovering from previous losses due to bargain hunting by investors. This rebound is significant as it occurred amid a weaker dollar and positive financial market sentiment, driven by strong earnings from the tech sector. The recovery in copper, along with gains in other base metals like aluminium and nickel, highlights the cautious optimism in industrial metals despite ongoing concerns about high U.S. interest rates, making it a key area of focus for economic indicators.