Copper Falls to 10-Day Low on Strong Dollar, Oil Rally

Benchmark three-month copper on the LME dropped 1.06% to $14,467.50 a metric ton, its lowest since September 18. Brent crude rose nearly 2% after the US rejected Iran’s peace proposal, while the US dollar neared a two-month high, making dollar-priced commodities more expensive. This global pressure on industrial metals, driven by a strong dollar and high oil, could indirectly influence gold's appeal as a safe haven or its pricing in local markets.

بحوالہ / Source: www.brecorder.com