Tuesday, February 3, 2026
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Copper Edges Higher with Focus on Fed Rates and US Shutdown

Copper rose as investors focused on the outlook for Federal Reserve interest rates amid a US government shutdown.
Futures gained as much as 0.6% on the London Metal Exchange, extending a sharp rally this month. Prices have been boosted by supply disruptions at a major mine in Indonesia and elsewhere. Meanwhile, economic data that may guide the outlook for Fed policy has been disrupted by the US government shutdown, though traders are still betting on more monetary loosening by the US central bank.

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