SHANGHAI – London metals fell on Wednesday as a stronger dollar eclipsed optimism over improving US-China trade relations, with investors eyeing the upcoming US economic data for clues into the Federal Reserve’s policy direction.
Benchmark copper on the London Metal Exchange (LME) fell 0.5 percent to $9,397.5 a metric ton.
The US dollar index rose 0.2 percent to 99.355, making dollar-priced commodities more expensive for buyers using other currencies.
Investors are awaiting the release of the US Personal Consumption Expenditures (PCE) data this week, a closely watched inflation gauge that could impact Fed policy and metal prices.
US President Donald Trump signed a pair of orders to reduce the impact of his auto tariffs, following Treasury Secretary Bessent’s remark that some key US trading partners have presented promising proposals to avoid tariffs.
