London Copper Falls to One-Week Low Amid U.S.-Iran Tensions and Dollar Strength

GateNews
XCU-2.77%
London copper declined to a one-week low in recent trading on May 28, driven by escalating U.S.-Iran military tensions and a stronger U.S. dollar, analysts noted. The decline reflects heightened geopolitical risk in the Middle East and its impact on commodity markets. Analysts highlighted that robust artificial intelligence-driven demand and strong Australian power infrastructure requirements may provide underlying support for copper prices going forward.
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