Copper Extends Retreat on Faster Inflation and Stronger Dollar

Copper extended its retreat from a record-high close as accelerating US inflation reduced the chance of rate cuts and a stronger dollar make the metal more expensive for many buyers.

By Charlie Zhu, Winnie Zhu · Bloomberg Markets

Copper extended its retreat from a record-high close as accelerating US inflation reduced the chance of rate cuts and a stronger dollar make the metal more expensive for many buyers.