Copper edges up, but rate hikes, growth worries cap gains

LONDON, Feb 4 (Reuters) – Copper and aluminium prices rose on Friday, supported by thin inventories, but worries that central bank rate hikes would curb growth and metal demand capped gains.

Three-month copper on the London Metal Exchange (LME) had added 0.1% to $9,838 a tonne by 1700 GMT, putting it on track to gain more than 3% this week.

The U.S. economy created far more jobs than expected in…

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News Source: https://www.reuters.com/markets/europe/copper-set-weekly-gain-weaker-dollar-low-inventory-2022-02-04/

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