Copper futures gained on Wednesday after the China's Vice Premier said it would roll out more policy measures to boost the economy and for capital markets. Meanwhile, outcome of Federal Reserve meeting signalled interest rate hikes for the first time since 2018 to subdued the elevated inflation rate. The Federal Open Market Committee (FOMC) increased the target range for the federal funds rate by 25 basis points and expects to begin reducing its balance sheet at a future meeting.
Copper futures for May delivery rose $0.0875 to settle at $4.6005 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.51 percent at $ 10,054.00 a ton.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: