US Inflation Data Lifts Base Metals; Fed Hopes Support Gold Outlook

US Inflation Data Lifts Base Metals; Fed Hopes Support Gold Outlook

The London Metal Exchange (LME) complex saw broad gains, with nickel hitting a three-week high at $17,110/ton due to sulphur supply concerns. Copper also nudged up 0.1% to $13,599/ton, bolstered by recent withdrawals from LME warehouses. Crucially, copper's rise was also attributed to weaker U.S. inflation data and increased hopes for a more dovish Federal Reserve. This broader market sentiment, driven by US economic indicators, could influence international gold prices and the USD/PKR exchange rate.

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