Copper rallies: An interior view of the copper factory owned by Inshaf Ibrahim in Colombo, Sri Lanka. Three-month copper on the London Metal Exchange rose 0.1% to US$5,948 a tonne after posting its biggest rise since Jan 25 in the previous session. — Reuters
SINGAPORE: Copper extended gains for the second straight session, as the US dollar eased after dovish comments by US Federal Reserve chair Jerome Powell reinforced rate cut bets.
Powell on Wednesday confirmed that the US economy is still under threat, stressing that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the US outlook.
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